Newsletter

Super-size your clients’ retirement plans by adding a Cash Balance (CB) plan and converting traditional 401(k)s to Safe Harbor 401(k)/Profit Sharing Plans.

Our OwnersPlus(TM) Cash Balance + 401(k) Retirement Program allows qualified professional practices, partnerships and small business owners to make the largest IRS approved tax-deductible contributions – often $150,000 or more – each year.

By designing a combined program, we can maximize owner contributions and tax deductions while controlling contributions on behalf of employees. But the deadline to open a Safe Harbor plan is September 30th for the 2018 tax year. Cash Balance plans can be opened through December 31st.

Safe Harbor plans must be established by September 30, 2018 to realize the full 2018 tax savings potential of the 401(k) plan.

Plans that miss the deadline limit participant salary deferrals to 5%. 

Three Steps to Take Now

Identify 2-5 Good Prospects:

• Owners of profitable professional practices or businesses 
• Looking for large tax deferrals
• Employs 1-10 employees
• Wants to contribute more than they currently can to a SEP
  

Contact Good Prospects

• Call and ask these 4 questions
  
• Email Program Highlights and Sample Illustration to client to assess interest

Request a Customized Illustration

• Download an Illustration Request Form to gather client census
• Call our Plan Consultants at 866-269-2706

And don’t forget to consider a plan for yourself!

If you are self-employed or have an independent practice, you and your team might want to consider upscaling your own plan – we’ve opened a large number of plans for Financial Advisors, RIAs, CPAs and Insurance Agencies this year alone.

Ask us about Professional discounts — available for Financial Advisor plans opened by October 31, 2018. 

Retirement Plan Illustrations

Not sure if your client qualifies? Run an estimate yourself online and then give us a call. We can refine it for you and help you talk your clients through it.

Client of the Week

Dental Practice Fills Retirement Hole

An advisor in Houston brought us a dental practice, an S corporation with an owner, age 58 paying himself $220,000 in W-2 income. He has three employees, two are in their twenties but one is over 65 years…

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