Search
Close this search box.
Retirement Plans Designed to
Maximize Tax Deductions
Business owners are able to contribute $100,000 to $300,000
and sometimes more each year.
Use Pension Deductions online calculator to determine your contributions
Schedule a Free Consultation
Defined Benefit Plans
for Self Employed Individuals
Self Employed Individuals, Independent Contractors,
Small Business Owners are eligible to set up a defined benefit plan
to enable maximum tax savings
Explore DB Plan
Solo Proprietor, S-Corp or C-Corp
Owners with a Few Employees
Use Pension Deductions online calculator to estimate contributions for the owners,
Plans are deisgned to minimize contributions
to employees while maximizing owners
Calculate Now
Previous slide
Next slide

Pension Deductions Offer a Range of Pension Plan Designs for You

Pension Deductions background graphic design

Defined Benefit Plans

DB Plan helps small business owners and individuals save for retirement by allowing you to make large contributions and get tax deductions and Pension Benefits.

Pension Deductions background graphic design

Cash Balance
Plans

Cash Balance Plan is for multiple partner business or employees & owner in similar age groups. A well-structured retirement plan provides financial security & loyalty among employees.
Pension Deductions background graphic design

Safe harbor 401k Plans

Safe Harbor 401(k) Plan business owner contributes maximum possible amount irrespective of employees contribution, ensuring enhanced retirement benefits for all participants.
Pension Deductions background graphic design

Profit Sharing
Plans

Profit Sharing Plan allows business owner to contribute more than 401(k) plan & less than a Defined Benefit Plan. It serves a valuable part of employees retirement savings.

The trusted pension specialist at
Pension Deductions

Pension Deductions has extensive expertise in navigating the intricacies of qualified retirement plans and maximizing tax benefits. We guide you through the complexities of your tax return, ensuring accurate reporting of annuity income and other retirement-related earnings. Our tailored solutions not only streamline your retirement contributions but also simplify the tax filing process, making it easier for you to stay compliant and focused on your core business activities. Trust us to manage the nuances of qualified retirement planning, while you concentrate on what you do best.

Get Prepared for Retirement in Just 3 Easy Steps

Use our Calculator and Contact Us

Talk to Our Pension Consultant

Set up a Retirement Plan in Minutes

Use Pension Deductions free calculator to determine your contributions and save significant taxes to maximize your savings.

This is the only online calculator that can perform complex calculations with the click of a button. Use Pension Deductions calculator and talk to a pension consultant who is always on call or available through the chat feature.

DB Calculator
Please fill in the form below
*
*
Retirement Plans for Self-Employed | Pension Deductions

Are You Prepared for Retirement?

Economic social security is a top priority for Americans. The most common type of retirement savings in the United States is the 401(k) plan, but defined benefit and cash balance plans are gaining popularity among self-employed and small business owners. Contributions to these plans can offer tax advantages, particularly when made within the tax year, encouraging more people to opt for qualified retirement options.

401(k) Contribution Limit Rises to $23,000 in 2024.

As per Statista and Forbes report

Testimonials

“As a real estate broker, business income can be significantly high in a particular year, and much lower in another. A Defined benefit plan allows me to contribute a large amount in good years and lower the contributions in other years.”
Daniel
“After working for almost 15 years as a software architect, I quit my full time job and started taking up consulting assignments with the very same clients I serviced earlier as an employee. I am now able to contribute more than 50% of my income to a retirement plan and thereby save significantly in taxes”
William Thomas
“We sponsored a profit sharing plan that required me to contribute to the employees as well. We then made a switch to a floor offset defined benefit plan which allowed me to triple my own contributions, while increasing the employee contributions by 2%”
Oren
“As a physician, our practice experiences steady income and profits and a defined benefit plan allows us to maximize our tax savings by contributing a fixed amount each year.”
Neelam Sachdev

Stay Informed

Rollover IRA
Blog

Discover the benefits of a Rollover IRA. Learn about types, rules, and how to maximize your retirement savings with tax-efficient transfers.

Read More »
Rollover 401k to IRA
Blog

Learn how to successfully rollover 401k to IRA. Discover benefits, processes, and key considerations for a secure retirement.

Read More »
Retirement Annuities
Blog

Know the Pros and Cons of retirement annuities, including steady income streams, longevity protection, tax advantages, and customizable options.

Read More »
inflation impacts on your retirement
Blog

Discover how inflation impacts on your retirement income. Learn strategies to safeguard your savings and maintain purchasing power in an uncertain economy.

Read More »
403(b) Tax-Sheltered Annuity Plan
Blog

Explore the 403(b) Tax-Sheltered Annuity Plan for public and non-profit employees, highlighting tax benefits, contribution limits, and investment options for retirement.

Read More »
403(b) vs. Roth IRA
Blog

Learn the key differences between a 403(b) and Roth IRA in this comprehensive guide. Discover tax benefits, contribution limits, and investment options for your retirement plan.

Read More »

All the latest informations Explore Our Resources

Retirement Planning Resources

Blogs

In-Depth Articles to Empower Your Retirement Planning Decisions
Pension Deduction Insights

Insights

Resource for Pension Planning Tips and Insights

Schedule a Free Consultation!

The expert team of Pension Plan Consultants at Pension Deductions ensures your retirement savings are optimized while navigating complexities like tax withheld, offering clear advice tailored to your business and financial goals.

Get in Touch to Schedule a Consultation