Accelerate Your Retirement Savings with a
Defined Benefit Plan for High-Income Earners
How to rapidly increase your retirement with dramatic tax savings.
Do you check the “high-income earner” box?
Are you at least 35 years old?
It might be time to consider a Defined Benefit Plan if you
want to put away up to $265,000 tax deductible.
When you’re a small business owner, independent professional, consultant, or self-employed individual, your daily work and operating your business is all-consuming.
Of course, you’ve thought about retirement. And you’ve probably saved some. But with retirement on the horizon—five to fifteen years in the future—maybe you’re concerned you reinvested too much into your business and haven’t saved enough in your retirement account.
You have some catching up to do, and a Defined Benefit Plan for high-income earners can help you do that.
A Defined Benefit Plan for High-Income Earners Is:
Retirement Tax Strategy
A Defined Benefit Plan is a specialized retirement tax strategy for high-income professionals, small business owners and individuals with self-employment income. If you qualify, you can make up ground quickly for your retirement, saving more and paying less taxes now.
A small business Defined Benefit Plan allows the small business owner and self-employed individual to set aside additional savings when it makes the most sense to do so – in the years when your profits are greatest, for example. But that’s also when taxes may be a big concern.
We like to call the Defined Benefit Plan a retirement accelerator because it allows participants to make large tax deductible contributions each year, so clients keep more of their earnings. Lots more. And as a result, their retirement wealth accumulates much faster.
Defined Benefit Plans vs
Traditional Retirement Savings Vehicles
The Older You Are, the More You Can Contribute.
Defined Benefit Plans allow high-income earners an opportunity to make contributions that are typically in excess of the limits allowed under traditional retirement savings plans, such as 401(k)s or profit-sharing plans.
In general, the older you are, the more you can contribute.