Strategies: How You Can Cash in on Cash Balance Retirement Plans
Retirement concerns everyone. How much is enough? How do I maintain my current lifestyle after I finish working? For successful business owners and professionals, it’s no different.
With the limits placed on tax deferred retirement savings by the IRS and the tax burden associated with high income earners, it can be difficult for many professionals to save the amount of money they would like to.
Our Director of Retirement Consulting Services, Paula Hendrickson, recently wrote an article for the Denver Business Journal, discussing cash balance retirement plans. A lesser known retirement savings vehicle, the cash balance plan is a type of defined benefit plan that provides unique opportunities to many business owners and professionals who are interested in putting away significant retirement savings.
Learn more about cash balance plans, how they work and the sorts of companies they are good for in the Denver Business Journal.