At Dedicated DB, our job is to help self-employed clients save on taxes and build wealth, which we do by offering tax-advantaged retirement plans. We understand that most entrepreneurs are focused on their business and just want to get their enterprise off the ground. For busy entrepreneurs, retirement isn’t a high priority. Learn about 4 retirement plan options for entrepreneurs.
How does a Defined Benefit plan compare to other plans?
Here are some of the reasons why some of our entrepreneur clients – like video gamers, online coaches, YouTubers, and consultants – are opening Defined Benefit plans:
- Contributions are tax deductible and may provide tens of thousands of dollars in tax savings
- A DB Plan may allow high-income clients to contribute 2-3 times the amount they might otherwise contribute to a SEP or 401(k)
- Try our Defined Benefit Plan Calculator to easily estimate annual contribution and tax savings