Self-employed professionals and business owners have access to a powerful tool that may cut thousands from their taxes each year and help them boost their retirement savings.
A Defined Benefit Plan (DB plan) is an IRS-approved qualified retirement plan that allows higher tax-deductible contributions than a SEP-IRA or 401(k). The DB plan owner can significantly cut taxable his/her income and contribute larger amounts for retirement, therefore growing a substantial retirement nest egg rapidly. If you are self-employed or if you run a small business and have found that you have maxed out on your 401(k) contributions, a Defined Benefit plan may be right for you. Watch the video below for more information.
If you think you may qualify, Orion Capital Management LLC can help you. Contact us to learn more:
- Call us at 619-435-1701
- Email us at: firstname.lastname@example.org
Additionally, you can fill out our Tax Savings Analysis form which will give us the information we need to generate a proposal about how much you may be able to save.