News Round-up for Week of June 11

12th Jun 2018

What Financial Advisors are Reading

This week’s round-up of news stories financial advisors are reading. What are you reading? If you would like an article to be included in the round-up, email We will let you know if your submission has been accepted.   

Tax Changes May Give Defined Benefit Plans New Life

Business owners who want to take advantage of the new 20% deduction (199A) to their qualified business income (QBI) under the new tax law may want to consider defined benefit plans in lieu of typical defined contribution plans (401k, Roth IRA, SEP) due to their higher contribution limits. The Tax Cuts and Jobs Act, which eliminated or limited many popular deductions, surprisingly make Defined Benefit plans much more appealing, many advisors and CPAs are now saying.


Will A Cash Balance Plan 401(k) Combo Secure Your Retirement?

Small business owners can play catch up for retirement and significantly reduce their tax liability by stacking a Cash Balance plan on top of a Profit Sharing 401(k) plan. For high-earning business owners, a Cash Balance may hold the key to securing a comfortable retirement while reducing current tax liability.

Via Forbes

7 Reasons Entrepreneurs Don’t Save for Retirement

Retirement planning is not a priority for many entrepreneurs, and saving for retirement as a small business owner isn’t as simple as being automatically enrolled in a company 401(k) plan. Here are some of the biggest errors entrepreneurs are making when it comes to retirement planning.

Via Money

5 Retirement Tips for Small Business Owners

Small Business Owners aren’t preparing sufficiently for retirement with 75% of participants having saved less than $100,000, according to a survey conducted by BMO Wealth Management. Here are five ways small business owners can wisely plan for retirement – a Defined Benefit plan may also be a good option.

Via CPA Practice Advisor

How Much Will You Need to Retire? Most Americans Have No Idea

The majority of Americans have no idea how much money they will need to retire. A survey conducted by Bankrate found that 61 percent of Americans don’t know how much money they’ll need to save for retirement, including nearly three-fifths of every adult generation over age 37.

Via Bankrate

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Here are 6 tips to help you plan for retirement via @CNBC #retirement #retirementplanning

8:35 PM 19 April 2019

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Looking for a tax deduction? See how much you can save with our free Defined Benefit calculator #definedbenefit

7:34 PM 19 April 2019

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A 25-year-old YouTuber quit her day job and now makes 6 figures recording herself eating via @money #youtuber

5:14 PM 19 April 2019

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11 strategic topics to discuss at your next meeting with your financial advisor via @forbes #advisors

4:15 PM 19 April 2019

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Financial advisors are innovating their practices too slowly and that may have negative implications for their grow…

8:55 PM 18 April 2019

Dedicated DB@ DedicatedDB

2019 PR trends are affecting high-income PR professionals, who are opening Defined Benefit plans #PR

5:30 PM 18 April 2019

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