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ADVANTAGES OF CASH BALANCE RETIREMENT PLANS

FILL OUT THE FORM BELOW & RECEIVE $500 OFF YOUR SETUP FEES!



ADVANTAGES OF CASH BALANCE RETIREMENT PLANS

FILL OUT THE FORM BELOW & RECEIVE $500 OFF YOUR SETUP FEES!



CASH BALANCE RETIREMENT PLAN

As an owner of a medical practice or small business, the new tax law offers significant tax advantages for owners with pass-through income. Unfortunately, if you fall under the professional service firm classification as most doctors, lawyers and other businesses fall under, then limits for the pass- through deduction become more difficult. Cash Balance retirement plans provide a way for owners to reduce AGI enough to qualify for the full deduction, 20% of qualified business income (QBI).

WHAT CAN A CASH BALANCE PLAN DO FOR YOU?

  • AGI: $650,000
  • No Cash Balance Plan
    Not eligible for pass-through deduction.
  • Save up to $390,000 in deductions.
  • Add a Cash Balance Plan to 401(k) Profit Sharing Plan
    With combined retirement plan contributions of $335,000, AGI is lowered to $315,000 allowing 20% pass-through deduction and reducing the effective tax rate to 20.1%.

WHAT CAN A CASH BALANCE PLAN DO FOR YOU?

  • AGI: $650,000
  • No Cash Balance Plan
    Not eligible for pass-through deduction.
  • Save up to $390,000 in deductions.
  • Add a Cash Balance Plan to 401(k) Profit Sharing Plan
    With combined retirement plan contributions of $335,000, AGI is lowered to $315,000 allowing 20% pass-through deduction and reducing the effective tax rate to 20.1%.

Cash Balance Plans help you to lower your taxable income since they reduce both taxable income AND adjusted gross income (AGI), while also letting you save more money for retirement.

Cash Balance Plans help you to lower your taxable income since they reduce both taxable income AND adjusted gross income (AGI), while also letting you save more money for retirement.

CALL TO FIND OUT HOW TO TAKE ADVANTAGE OF THE NEW TAX LAW