Newsletter

Proper planning can yield long term results

Reviewing your client’s tax situation can provide good insight into how best to advise them in proceeding with their retirement planning. Depending on how they invested for 2024, you can help them find the best way of savings for their situation now and for tax year 2025.

Here are two possibilities:

1. Open a SEP-IRA for 2024 – This is a good way for them to help add to their retirement savings for tax year 2024. They are eligible to save the lessor of 25% of their income or $69,000, fully tax-deductible.
2. Plan ahead for 2025 and set up a Defined Benefit plan –They may want to maximize their tax savings and enhance their retirement investments. With a Defined Benefit plan they can make the largest tax-deductible contributions and potentially set themselves up for a healthy annual benefit upon retirement.

We have a wealth of information on our site to help you understand the benefits of these unique plans. Look at a comparison of how Defined Benefit plans compare with other plans.

Contact our defined benefit specialists.

We can create custom proposals and design plans to fit your client’s situation.

Call us toll free at: 1-866-269-2706 or email us at dbplans@dedicated-db.com.

Best regards,

Raymond Lee
Director of Sales | Dedicated Defined Benefit Services, part of FuturePlan by Ascensus
E raymond.lee@dedicated-db.com
P (866) 269-2706
www.dedicated-db.com