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Defined Benefit Plans for High-Income, Self-employed Women
Defined Benefit and Cash Balance retirement plans allow women who are high-earning professionals, small business owners and those with self-employment income to make large tax-deductible contributions to their retirement each year. Are you an independent contractor? An online entrepreneur? A locum tenens physician? All these occupations may be eligible for a high contribution retirement plan, which is great option for people who want to save for retirement quickly and reduce taxes.
See how much you can save
Advantages of High-Contribution Retirement Plans for Women
1
HIGHEST CONTRIBUTIONS:
Defined Benefit and Cash Balance plans allow the highest annual contributions to retirement plans, often exceeding $150,000 annually for the small business owner.
Defined Benefit and Cash Balance plans allow the highest annual contributions to retirement plans, often exceeding $150,000 annually for the small business owner.
2
ACCELERATED SAVINGS:
These qualified plans allow you to put away money at an accelerated rate typically for 5-10 years – potentially turbo-charging your retirement savings so you can retire earlier.
These qualified plans allow you to put away money at an accelerated rate typically for 5-10 years – potentially turbo-charging your retirement savings so you can retire earlier.
3
TRIPLE COMPOUND BENEFIT:
A large contribution means a large tax deduction, which may lower income to qualify the taxpayer for the Section 199A 20% pass-through deduction.
A large contribution means a large tax deduction, which may lower income to qualify the taxpayer for the Section 199A 20% pass-through deduction.
Advisors and CPAs:
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Contact Us for ALWAYS AVAILABLE Consulting
Ask us any questions or talk to us and we can help you design a Defined Benefit or Cash Balance retirement plan to fit your needs. Contact us at 866.269.2706 or DBPlans@dedicated-db.com. We are here to help.