Newsletter

“My client was running out of options. With the ‘Texas Two-Step’ he opened a SEP for 2018 and then right after opened a Defined Benefit plan for 2019 – like a one-two punch.”

– Financial Advisor, Boston, MA

For your high-income clients who filed for an extension & have limited retirement plan options this year, recommend the ‘Texas Two-Step’:

• SEP immediately followed by a
• Defined Benefit plan while they’re thinking about retirement planning

Did you know you can help some of your clients lower taxes for both 2018 & 2019 with the Texas Two-Step? For your self-employed or small business clients, who filed for a tax extension, it’s a great way to increase tax savings. You’ll look like an expert, with this proven tax strategy. Plus, it will provide more assets for you to manage!

First, Have Your Client Open a SEP

A Simplified Employee Pension IRA (SEP IRA) is a good option for self-employed clients because it allows them to contribute up to 25% of their annual earnings. As you may know, contributions are tax-deductible and SEPs also offer some funding flexibility.

Don’t Wait, Have Your Client Open a Defined Benefit Plan

Unlike other self-employed retirement plans, Defined Benefit and Cash Balance plans allow much larger contributions, letting clients turbocharge their retirements. These high-contribution plans can potentially allow the highest tax-deductible contributions, averaging more than $100,000 each year.

Contact Us for ALWAYS AVAILABLE Consulting.

At Dedicated DB, we offer concierge services and our Design Plan Consultants are available to answer questions and run custom proposals. Want to talk about a special client situation? We’re happy to help: 866-269-2706.

1-866-269-2706   |   www.Dedicated-DB.com