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

SEE DETAILS

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

SEE DETAILS

spacer

CALCULATE THE SAVINGS

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

CALCULATE THE SAVINGS

Dedicated DB@ DedicatedDB

A Defined Benefit plan provides #retirement benefits for corporate board members who receive high salaries. See how… https://t.co/udADc6rmdF

9:00 PM 24 June 2022

Dedicated DB@ DedicatedDB

Clients are looking at the world differently and #advisors are here to help. https://t.co/POMSnpfbi9

8:01 PM 24 June 2022

Dedicated DB@ DedicatedDB

The increase in #smallbusinesses have created greater interest in retirement planning strategies for the self-emplo… https://t.co/xxDGXvjzvI

7:08 PM 24 June 2022

Dedicated DB@ DedicatedDB

9 signs a client relationship is in danger. https://t.co/1GsJrXtyJI

7:03 PM 24 June 2022

Dedicated DB@ DedicatedDB

What's next in #wealthtech? Innovators weigh in at INVEST 2022. https://t.co/oTSprapOES

5:10 AM 24 June 2022

Dedicated DB@ DedicatedDB

Advisors, we have resources for you to help clients understand and build their #retirement plans. https://t.co/8at2JCWOtV

4:30 AM 24 June 2022

Estimate contribution and deduction with our DB calculator Try it now