I opened a OnePersonPlus Defined Benefit Plan and put away $150,000 last year and another $120,000 this year and it’s all a deduction. I figure at least 30% of it is a gift from the IRS.
High-income professionals, small business owners, and individuals with self-employment income can get dramatic tax savings by making large, tax-deductible contributions to their own Defined Benefit (DB) retirement plans. Dedicated Defined Benefit Services specializes in establishing and servicing defined benefit and cash balance plans nationwide for businesses with 1 to 10 employees.
Here’s a quick test to find out if OnePersonPlus Defined Benefit is right for you.
- Business owner is 35+ years of age
- Owner typically earns at least $100,000 annually in one of these ways:
- Solo practitioner or owns family business
- Self-employment income
- Second occupation in which you work for yourself
- Considered an independent contractor instead of an employee
How much could you save in taxes by contributing to a qualified retirement plan?
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The OwnersPlus Cash Balance Program gives me an extra $200,000 to invest and gives my employees a boost too.
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We increased our W-2 income to max out our retirement savings. With a OnePersonPlus defined benefit and a 401(k), we’ll add $500,000 each year for the next 5 years.
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As a realtor, my income is never the same from year to year. With a OnePerson (k), I save about $50,000 in good years. I don’t have to do anything when business is slow.
What Clients Have to Say About Us
Great deal. Every small business owner should have one.
Dr. Arthur GeorgeDoctor
Makes budgeting for retirement a whole lot easier.
Nancy WalshCorporate Lawyer
Great way to park cash and lower taxes.
Howard TaylorWheat Farmer