Cash Balance Plan For Doctors
When planning your retirement, you are likely familiar with IRAs, 401(k), and retirement plans as a traditional route to retirement savings. But for many Doctors, Physicians, Dentists and practice owners, these options can be unsuitable. Luckily, there is another lesser-known eligible savings option available to you: retirement plans with a cash balance. Cash Balance Plans are a […]
Cash Balance Plans for Lawyers
A retirement plan with a cash balance is available to many small business owners, including lawyers and physicians in private practice. These schemes offer significant tax deductions and accelerated retirement savings, making them particularly advantageous for those nearing retirement. Cash Balance Plans are a class of IRS-approved pension plans that allow for maximum contributions to be […]
Understand Why You Need to Hire a Pension Plan Administrator
This is good news that you have decided to set up a 401(k) or some type of pension plan for your business. These types of plans can help you check attrition and help you reward a certain group of employees critical to your business. There are several variations of these Pension & Retirement plans and […]
401K Plan For Small Business Owner With Employees
There are many pension plans on the market, and each is more complicated than the other. Selecting the best plan for yourself and your business is not easy, and it often leads to frustration. To make the task easier, we have narrowed it down to two variables that are crucial to the decision-making process. These […]
Enabling Sole Propreitors & Self Employed Business Owners to Set up a Defined Benefit Plan
A Sole-proprietor and Self Employed can set up a defined benefit plan and it would lead to significant tax savings while allowing for retirement savings at a much faster clip. The single most important factor that goes into deciding the ideal retirement plan is the amount of money you want to contribute. If you are […]
Defined Benefit Plan for Doctors
Health professionals are typically high-income earners. But mostly, they have a steady income. Because of that, defined benefit plans for Defined Benefit Plans for Doctors, Physicians, and Dentists can make a lot of sense. Defined benefit pensions are a class of IRS-approved pensions that maximize contributions. Not surprisingly, this is a preferred source of tax […]
Defined Benefit Plan for Lawyers
Defined Benefit Plans are a class of IRS-approved pension plans that allow for maximum contributions to be made to the pension plan. Unsurprisingly, this is a preferred tax saving and retirement planning vehicle for lawyers. Our research shows that lawyers are the major sponsors of small pension schemes in the United States. The typical situation […]
