Self-Employed Professionals, Take Note. Here’s How You Can Supercharge Your Retirement
3rd Feb 2021

If you’re self employed and interested in receiving a $230,000 tax deduction, you will want to read on. That’s the hook in William Baldwin’s latest Forbes article Self Employed? Maybe You Should Supercharge Your Retirement. The piece adeptly breaks down the complexities and advantages of a Defined Benefit plan, which is a tax-advantaged retirement plan that can benefit high earning self-employed individuals.
The article examines the process of opening a Defined Benefit plan (using Dedicated DB as an illustrative TPA), the requirements and the costs. A high-contribution retirement plan can be a boon for small business owners who are “earning a lot more money then they need to live on.” The tax benefit can be enormous.
Baldwin shares examples of typical client situations that show annual costs, the potential tax savings, the 401(k) feature as well as the final projected fixed payout at retirement.
Whether you’re a sole proprietor, LLC or corporation, you may qualify for a huge tax deduction from your business income. You’ll want to read the article to see if this retirement strategy could be a good fit for you.

Dedicated DB@ DedicatedDB
We offer a broad array of materials to help you learn about our retirement products and to help you sell. https://t.co/8at2JCXmjt
8:01 PM • 24 March 2023







Dedicated DB@ DedicatedDB
Make Tax Season As Painless as Possible by Taking These 6 Steps https://t.co/3LdsqV6AbN
7:57 PM • 24 March 2023







Dedicated DB@ DedicatedDB
This consultant's estimated accumulation with a Defined Benefit plan is expected to exceed $1.9 million, and he wil… https://t.co/4CC5wdpa4K
11:02 PM • 22 March 2023







Dedicated DB@ DedicatedDB
Here are 10 sobering stats on #RetirementPlanning in 2023 https://t.co/ihHgJitjD6
10:59 PM • 22 March 2023







Dedicated DB@ DedicatedDB
Why are Cash Balance #retirement plans a great option for self-employed doctors and owners of small medical practic… https://t.co/0EZFBkl9RU
11:01 PM • 21 March 2023







Dedicated DB@ DedicatedDB
Top 5 Personal Finance Books To Read In 2023 https://t.co/bues3q3e0B