Is 2021 the year to rethink your retirement plan?
17th Aug 2021
Hello,
Is 2021 the year to rethink your retirement plan?
Normally we ask you to think about your high income, self-employed clients’ retirement needs. However, In fact, over 12% of the high-contribution plans that we open are for RIAs, CFPs, and CPAs.
How does a Defined Benefit plan compare to other plans?
Here are some of the reasons why advisors and CPAs have opened Defined Benefit plans for themselves:
- Contributions are tax deductible and may provide tens of thousands of dollars in tax savings
- A DB plan may allow advisors and CPAs to contribute 2-3 times the amount they might otherwise contribute to a SEP or 401(k)
As always, we’re happy to answer any questions. Call us at 866-269-2706.
CLIENT OF THE WEEK: Advisor Takes His Own Advice
An advisor, age 54, who operates his own one-man RIA wants to increase his penetration of high-income business owners. He researched Defined Benefit plans for a client last year, liked what he saw so much, he decided to open one for himself this January. His high S-Corp income allows him to comfortably contribute at least $100k. If he has a great year, we can adjust the contribution.
TRY OUR 2-MINUTE CALCULATOR |
ANY QUESTIONS? CALL 866-269-2706 |
All the best,
Gary Rosen
Dedicated Defined Benefit Services, part of FuturePlan by Ascensus
E gary.c.rosen@dedicated-db.com
P 818-630-7162
www.dedicated-db.com