The SECURE Act’s modified deadline for opening a Defined Benefit plan has resulted in a whirlwind of activity for us this year – especially since it includes tax filling extensions. However due to high demand, our deadline to receive submissions for a Defined Benefit plan for the 2020 tax year is July 23rd August 26th. We would love to accommodate all requests, but we need to allow enough time for due diligence and proper plan design.
Time is running out for your high income, self-employed professionals to open a Defined Benefit plan for 2020. These plans offer the largest allowable deductible contributions to a retirement plan, averaging $100,000+ each year. As always, we’re happy to talk through any prospect or client situation. Call us at 866-269-2706