TYPICAL DEFINED BENEFIT CLIENTS
High income earners 50 or older may be eligible to contribute to a OnePersonPlus 2 to 3 times the amount they might otherwise contribute to a SEP or 401(k).
For a Client Age 52 Earning $290,000
OCCUPATIONS THAT MIGHT QUALIFY
Real Estate Agent
Defined Benefit Plans should be opened by December 31 and at the latest by the business’ tax filing deadline including extensions for the plan year.
Contributions are not required until the tax filing deadline with extensions but no later than eight and a half months after the end of the fiscal year.