
Cash Balance Plans: Supercharge Retirement Savings
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Discover the power of cash balance plans: a hybrid retirement solution blending security and flexibility. Ideal for professional services firms, these plans allow employees to track hypothetical account balances while enjoying employer-funded contributions based on actuarial math and market exposure. Maximize employee contributions and profit sharing, then boost deductible contributions for business owners. While pricier and more hands-on, bundling with one recordkeeper can cut expenses. Advisors benefit by positioning as retirement experts and managing investments, while companies supercharge nest eggs and tax savings.
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