DEFINED BENEFIT
PENSION PLANS
Create Tax Free Income, Prepare for the Future, & Leave a Lasting Legacy.
DEFINED BENEFIT
PENSION PLANS
Create Tax Free Income, Prepare for the Future, & Leave a Lasting Legacy.
A defined benefit plan is a retirement plan that allows high income employees or business owners to make large contributions to scale their total retirement that are tax deductibe. This plan is apporved by the IRS and the maximum contribution is determined by age.
This pension plan maximizes the retirement needs of those who are:
*40 years of age or more
*A self-employeed individual, LLC, or small business with 0-5 employees
*Earnings starting at $100,000 annually
*Desire to contribute more than $50,000 annually to retirement (up to $200,000)
*The ability to contritube for a minimum of 3-5 years
* Large tax deferred contribution approved by the IRS
*Can contribute north of $200,000 a year depending on age
*Can contribute up to $2.5 million in a lifetime
*Savings grows tax deferred leading to an early retirement
*Company makes annual deposits into your account based on age and salary
*Can have a defined benefit plan as well as a 401k/ SIMPLE IRA