How can your clients plan for retirement…with so much uncertainty?

14th Oct 2021

How can your clients plan for retirement ...

Hello,

With the threat of proposed tax changes, there’s so much uncertainty in our industry.

But one thing is certain: your clients need a flexible retirement plan & are looking to you for guidance.

How can you help your small business and self-employed clients retire more on their terms? We’d like to remind you about a little-known retirement plan that can help your clients save BIG on taxes:

  • Defined Benefit and Cash Balance plans are high-contribution retirement plans with built-in flexibility for uncertain times. These powerful pension plans may allow your clients to contribute more than they currently can into a SEP IRA or 401(k) plan, with the discretion to contribute in some years but not others.
  • Contributions are tax deductible and may provide tens of thousands of dollars in tax savings each year that could go toward retirement.
With everything in flux, now is the time to start the conversation.

Whether your high-income client is a sole proprietor, LLC or corporation, they may qualify for a huge tax deduction from their business income – $100,000 or more each year. Do you want to confirm what counts as eligible compensation for Defined Benefit plans? Feel free to ask me or any of our Plan Design Consultants. We’re happy to help and easy to talk to. Thanks.

COMPENSATION QUICK REFERENCE CHART
CALCULATE CONTRIBUTIONS & TAX SAVINGS

Best regards,

Raymond Lee

Raymond Lee
Director of Sales | Dedicated Defined Benefit Services, part of FuturePlan by Ascensus

E raymond.lee@dedicated-db.com
(866) 269-2706

www.dedicated-db.com

 Dedicated DB Logo

Dedicated DB@ DedicatedDB

What are the 9 typical client situations that we see with Defined Benefit plans? https://t.co/7NEmXAod6b

8:59 PM 6 February 2023

Dedicated DB@ DedicatedDB

Clients are 'overwhelmed' by retirement planning. Here's why. https://t.co/Dnkak4Ow0p

7:59 PM 6 February 2023

Dedicated DB@ DedicatedDB

What are the top questions about Defined Benefit plans? See our frequently asked questions. https://t.co/rPqYz8oAmc

8:58 PM 2 February 2023

Dedicated DB@ DedicatedDB

How can you save your retirement plan from falling apart? https://t.co/xBeRjY2xdl

7:59 PM 2 February 2023

Dedicated DB@ DedicatedDB

How long does it take to set up a Defined Benefit #retirement plan? Learn about this and more in our FAQs. https://t.co/rPqYz8o2wE

7:59 PM 27 January 2023

Dedicated DB@ DedicatedDB

Here's how to connect with people, not just their money. https://t.co/pOIbcRxipx

6:01 PM 27 January 2023

Estimate contribution and deduction with our DB calculator Try it now