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

3rd Feb 2021

Featured in Forbes: Self Employed? Maybe You Should Supercharge Your Retirement

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.

8:01 PM 24 March 2023

Dedicated DB@ DedicatedDB

Make Tax Season As Painless as Possible by Taking These 6 Steps

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…

11:02 PM 22 March 2023

Dedicated DB@ DedicatedDB

Here are 10 sobering stats on #RetirementPlanning in 2023

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…

11:01 PM 21 March 2023

Dedicated DB@ DedicatedDB

Top 5 Personal Finance Books To Read In 2023

10:59 PM 21 March 2023

Estimate contribution and deduction with our DB calculator Try it now

Call: 866-269-2706