Qualified Retirement Plans

401(k) Plans

401(k) Plans If the following comment from your CPA sounds familiar to you, then your CPA is similar to most clients we talk with: “Put money in your 401(k)/Profit Sharing … Continue reading

Defined Benefit Plans

Defined Benefit Plans Use Them for Large Tax-Deductible Contributions Most people think of Defined Benefit Plans as old-school plans that no one uses anymore. Because of a relatively recent tax … Continue reading

Profit-Sharing Plans

Profit-Sharing Plans The bread and butter income tax deferral tool for many small business owners is the profit-sharing plan. A Profit Sharing Plan is a qualified retirement plan … Continue reading

Roth 401(k) Plans

Roth 401(k) Plans A new retirement account was signed into law on August 17, 2006. It is a component of a “regular” 401(k) Plan; however, the funding of a “Roth” … Continue reading

Roth IRA Conversions

Roth IRA Conversions─Do They Make Sense? The Answer Will Shock You! If you would like to know if a Roth IRA conversion makes sense for your individual situation, please click … Continue reading

401(h) Plans

401(h) Plans Tax Deductible, Tax Sheltered, and Tax-Free Payouts What is a 401(h) Plan? It’s a medical expense account under Code Section 401(h). The plan pays for costs associated with sickness, accidents, … Continue reading

412(e)3 Defined Benefit Plans

412(e)3 Defined Benefit Plans A New Twist On An Old Friend A 412(e)3 Plan is a special type of Defined Benefit Plan. This plan works almost exactly the same way … Continue reading

Cash Balance Plans

Cash Balance Plans Cash Balance Plans (CBPs) are a special kind of Defined Benefit Plan. In short, you get all the benefits of a Defined Benefit Plan or 412(e)3 Defined Benefit Plan, except … Continue reading