B.O.S.S. Chapter 3: Defined Benefit & Cash Balance Plans

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Josh & Jay welcome Will Steih, Managing Director or Prime Capital Investment Advisor’s Tennessee office, to the studio for Chapter 3 of 5 in our B.O.S.S. Series, a discussion about Defined Benefit & Cash Balance Plans. Why should a business owner consider a Defined Benefit Plan? A business owner has fully funded their 401k – how can they layer a Defined Benefit Plan on top to provide additional future retirement income? How does a Defined Benefit Plan affect a business owner’s overall tax strategy & tax efficiency? Listen in to hear important concepts & solutions to consider!

 

Key Takeaways:

> There has been a resurgence in Defined Benefit Plans in businesses with up to 50 employees

> Defined Benefit Plans tend to appeal to business owners with an appetite for additional savings above their 401k contributions

> A Defined Benefit Plan can be used to fund retirement income needs above qualified plan contribution limits

> A Defined Benefit Plan is generally set up to be more conservative than a typical qualified retirement plan

LISTEN TO ADDITIONAL EPISODES IN THIS SERIES

 

RECENT EPISODES

 

Resources

Prime Capital Investment Advisors

Qualified Plan Advisors

Will Steih

If any of these topics apply to your situation, we can help! Reach out to us at 251-327-2124, or email [email protected]

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