The design and implementation of Cash Balance Retirement Plans is an extremely specialized arena. Cash Balance Retirement Plans are best funded annuity products due to their guaranteed benefits nature and may complement an existing 401K plan. 

Life insurance is optional but frequently used (premiums paid with pre-tax dollars) to make an employee's retirement plan 'self-completing'. This covers the risk of an employee passing away and leaving their family behind with not enough retirement assets to maintain their lifestyle.

The tax savings allowed by IRS rules for implementing a Cash Balance Retirement Plan can be several hundred thousand dollars, sometimes more. The first step to see if a Cash Balance Plan is suitable is to complete a simple census of the company, its owners and employees. We can then build an illustration showing if a Cash Balance Retirement Plan is a feasible option. If it is not, there may be a better more suitable qualified retirement plan such as a 412(e)3 Retirement Plan or combination that also gives the owners substantial tax savings.  

Business owners and partners in entities have a major choice. They either pay substantial taxes each year or keep the tax savings and allocate them to their own retirement assets via a Cash Balance Retirement Plan with guarantees. Annuity Pros specializes in annuities and life insurance which help fund such retirement plans. We have broad experience in qualified plans such as 412(e)3 Retirement Plans, 401K Plans and Cash Balance Retirement Plans. 

If you are a CPA, Accounting Firm, Attorney or Business Owner who is interested in exploring the feasibility of a Cash Balance Retirement Plan and seeing the large tax savings, please get in touch with us below. There is no fee to review the company census information and see if the plan is feasible. 

All of our clients receive a clear Cash Balance Plan illustration document that we go through together. We explain the tax savings and how the assets are allocated to your retirement plan. Given that Cash Balance Plans may funded via annuities and complemented with life insurance, they make for a very low risk guaranteed retirement plan strategy.

Please feel free to get in touch with us via one of the links below and check the Cash Balance Plan box, thank you. We will then get back to you with a link for you to complete the company census. Thank you. 

We frequently work together with business professionals such as Attorneys, CPAs, Family Offices, Trust Companies, Banks, Consulting firms and more to set up Cash Balance Retirement Plans. Please click the box below to get in touch with us. Thank you, we appreciate it.

Annuity Pros 

Income Product Specialists 

Annuities, Life Insurance & Retirement Plans

Website: www.annuityprosgroup.com