See How Defined Benefit Plans Can Boost Tax Savings

31st Jul 2018

Help High Income Clients Qualify for the 20% Tax Deduction

High contribution cash balance and defined benefit plans have the potential to bring your small business and self-employed clients below the taxable income thresholds ($315,000 married tax payer, $157,500 single) and save them tens of thousands of dollars in tax liability.

Recently, a client was able to contribute $238,100 to a combined DB+401(k) and reduce current year tax liability by $78,520. Their large annual contributions are new assets for their advisor to manage.

Take a look at two examples to see how this can work

Sole Proprietor Opens Defined Benefit + 401(k) Plan to Build Retirement Wealth

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Small Business Owner Opens Cash Balance + 401(k) Plan to Maximize Tax Savings

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CALCULATE THE SAVINGS

Create a personalized estimate of contribution maximums and tax savings for each qualified prospect. 

CALCULATE THE SAVINGS

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