Updated almost 6 years ago on .
#5 Personal Finance Contributor
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Set up a Self-Directed Defined Benefit Plan before year end!
#5 Personal Finance Contributor
- Financial Advisor
- Boynton Beach, FL
Savvy business owners of small, profitable, closely-held businesses know that an old-fashioned Defined Benefit Pension Plan is the best way to maximize the amount of tax-deferred contribution to their own retirement savings. A pension plan allows for far greater contribution limits than either IRA or 401(k) plans.
But the key question everyone has is, “Can I have a “self-directed” Defined Benefit Pension Plan?”
Yes.
It is easy to set up and administer. You don’t HAVE to place your plan assets in traditional Wall Street Assets. You just need to work with an Innovative plan administrator that realizes Wall Street isn’t the only option AND has almost 50 years of actuarial experience and the skills necessary to deal with financial alternatives and real estate.
If you are a profitable small business, a Defined Benefit Pension Plan is the most effective way for you to simultaneously put money away for retirement AND reduce your taxable income.
Take action to get your plan documents in place before 12/31/2019. You'll have until you file your taxes to fund the plan.
Set an appointment now to learn more...