For many high-income practice owners in Phoenix, a cash balance plan can look attractive because it may allow substantially larger retirement contributions than a 401(k) alone. But a larger potential contribution does not automatically make the plan a good fit. For physicians, dentists, attorneys, consultants, and other professional practice owners across the Valley, the more […]
For successful solo business owners in Phoenix, a strong income year can create two competing priorities: keeping more of what the business earns today and building enough retirement assets for tomorrow. Once conventional retirement plan contributions no longer meet those goals, a defined benefit plan may deserve a closer look. Quick answer: Cash balance plans […]
For CPAs advising successful business owners and high-income professionals in Phoenix, a large tax bill can also reveal a retirement-planning opportunity. Clients who have already maximized conventional retirement contributions may have another option worth evaluating: a cash balance plan. A properly designed cash balance plan can allow qualifying business owners to make substantial tax-deductible retirement plan […]
For high-income professionals and business owners, the traditional 401(k) has long served as the default retirement savings vehicle. But when annual contribution limits cap out around $70,000 (including employer contributions), those limits can feel like a ceiling rather than a floor. For clients looking to accelerate tax-deferred savings, reduce taxable income dramatically, and build meaningful […]
In the landscape of employer-sponsored retirement plans, two prominent options often dominate the conversation when it comes to maximizing tax efficiency and retirement savings: the traditional defined benefit plan and the cash balance plan. Both offer powerful tools for business owners and key employees to build wealth, lower taxable income, and enhance talent retention. But […]
