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Maximize your retirement savings with a Cash Balance Plan – a hybrid pension option tailored for small businesses.
Cash balance plans offer business owners and high-income professionals a powerful way to significantly boost retirement ...
This is where a well-designed cash balance plan combined with a 401(k) plan comes into play. It can provide deductions of $100,000, $150,000, $200,000, and more, for highly compensated employees ...
Adviser Matt Stratman writes that cash-balance plans have been growing in popularity. This little-known strategy can cut your taxes while paying you at the same time.
Good news for high-income business owners, one of the best tax-saving retirement plans, the Cash Balance Pension Plan, will have higher contribution limits in 2022.
Tax planning is a great way to help increase your take-home pay as a small business owner. Setting up a Cash Balance Plan could save a business owner $100,000 or more in yearly taxes. These tax ...
Traditional defined benefit plans like pensions are vanishing. But that doesn’t mean employers are giving up on retirement plans. One of the more popular replacements has been a cash balance plan. The ...
A DB cash balance plan is an account paid into by the employer, yet operating similarly to a 401(k) plan for participants; it also gives retiring or terminated employees the option of a lifetime ...
A cash-balance plan is a defined benefit plan that is a whole lot like a traditional pension, but with a few elements that closely resemble a 401(k).
Cash balance plan sponsors may also choose different plan designs. For example, Kravitz says when using market rate of return for the interest crediting rate, plan sponsors can apply different ...
• Protect your assets from creditors. While many medical professionals are aware of tax-deferral opportunities available through defined contribution plans, such as a 401(k), they can only do so much.
Starting five years before her retirement, she could set up a cash balance plan, sell an extra $200,000 of grain each year and have an offsetting cash balance plan deduction to offset the grain sales.