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Do you own you a small business?
Are you paying more than your fair share in taxes?
Did you know you may be entitled to save up to $195,000 pre tax?
The IRS tax code 412(e)(3) says you have the right!
This is not a product! It is a 412(e)(3) Defined Benefit Plan!
Other hard to believe benefits!
Sell the business, take the plan with you!
File for bankruptcy; keep the money in the plan.
Pass away, your family receives the proceeds.
Need a loan, It is your money!
Are you a candidate? Let’s check!
A defined benefit plan is the only tax-qualified retirement plan
that allows a participant to accrue a benefit that has a value exceeding
$50,000 in 2010. However, as plan contributions are required once a
benefit is accrued, it is very important to make certain that this
type of plan is suitable.
The ideal participant:
- Is a “Baby-boomer” (Age 45 – 65)
- Has stable income and profitability
- Is older than most other employees (if any)
- Can make a multi-year commitment to increased contributions
There are 3 different plans, per IRS code.
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Plan Type
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# of employees
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Risk Tolerance
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Plan Funding Vehicles
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412(e) Fully Insured Plans
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1-5
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Low
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- Fixed Annuity
- Whole Life Insurance
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430(d) Defined Benefit
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1-9
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Low / High
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- Guaranteed Insurance Contract
- Fixed Annuity, Universal Life
- Whole Life
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Cash Balance
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5-50
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Modest
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- Guaranteed Insurance Contract
- Universal Life
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