For your clients who filed a tax deadline extension, here’s a smart retirement strategy

2nd May 2022

Which of your clients filed a tax deadline extension?


While it’s fresh in your mind…which of your small business clients filed a tax deadline extension?

For these clients, consider recommending a Defined Benefit plan instead of a SEP IRA. Because of the SECURE Act’s tax deadline extension, they may still be able to open a retirement pension plan for 2021. Want BIG tax savings – tens of thousands of dollars annually – for your high-income, self-employed clients? Here’s how:

As an Advisor, which types of clients should you look for?

  1. High K-1 or W-2 for small S-corp owners (with 1-10 employees)
  2. Schedule C Net Profit (line 31) for sole proprietors which exceeds $200,000
  3. SEP-IRA and 401(k) clients who want to contribute and deduct more for 2021

It’s easy to be distracted right now. Let’s keep your clients focused on their retirement goals.

Our expert Plan Design Consultants are happy to discuss any client situation or answer any questions you may have about Defined Benefit and Cash Balance plans. Call us at 866-269-2706. Or compare plans with our 2-minute Defined Benefit plan calculator.

If there is anything we can do to help, please give us a call.


All the best,

Gary Rosen

Gary Rosen
Dedicated Defined Benefit Services, part of FuturePlan by Ascensus


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