At Pension Deductions, we specialize in helping self-employed individuals and small business owners create customized, tax-efficient pension plans designed to maximize savings and support long-term financial security.
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“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.”
“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”
“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 only 2%.”
“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.”
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A Solo 401(k) or a Defined Benefit Plan is often the best option for self-employed individuals. These plans allow for higher tax-deductible contributions and flexible retirement savings.
Contribution limits depend on the type of plan. A 401(k) plan has an annual contribution cap, while a defined benefit plan can allow contributions of over $200,000 per year for high-income earners.
Yes! Employer-sponsored pension contributions are tax-deductible, reducing taxable income for businesses and self-employed individuals.
Yes! Many business owners and professionals combine a 401(k) plan with a Cash Balance or Defined Benefit Plan for maximum savings and tax efficiency.
Simple! Schedule a free consultation with one of our pension experts, and we’ll help you choose the best retirement strategy for your needs.
Don’t leave your retirement savings to chance. Our experts at Pension Deductions will design a customized pension plan that minimizes taxes, maximizes savings, and secures your financial future.
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Am I Behind on Retirement Savings? What Self-Employed Professionals Must Do Right Now | Pension Deductions Pension Deductions · Free Consultation · Call +1 (646) 409-1660 ? Retirement Planning · April 2026 Am I Behind onRetirement Savings? Most self-employed professionals are behind — by a lot. But there is a
Solo 401(k) vs Defined Benefit Plan: Which Saves More Tax in 2026? | Pension Deductions Expert Pension Advisors · Free Consultation Available · Call +1 (646) 409-1660 2026 Retirement Plan Guide Solo 401(k) vs. Defined Benefit Plan:Which Saves You More Tax? Both plans are legal, IRS-approved, and available to self-employed
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1099 vs W-2 retirement plan tax strategy explained. Discover which structure saves more in 2026 using pension and 401(k) options.