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How Does A Cash Balance Plan Work?

CASH BALANCE PLAN INSTEAD OF A TRADITIONAL DEFINED BENEFIT PLAN? Cash balance plans have proven to be an attractive alternative to traditional defined benefit plans for several key reasons. By converting a defined benefit plan to a cash balance plan, the employer avoids the need…

Cash Balance

…more than $150,000 annually to a Cash Balance plan. A 60-year-old can contribute more than $260,000. The actual amount depends on your income and age. You can also pair a Cash Balance plan with a traditional 401(k) to reward key executives and provide even more…

Cash Balance 101

It’s the time of year when your clients may be looking for opportunities for greater tax deductions. A cash balance plan could be the answer – but – how do you know if your client is the right fit for this solution? How do you…

The End is Near!..or is it? -Part Two

…number on the Income Statement, rigidly defined and almost impossible to stretch. Free Cash Flow, while still an accounting derivative, is reconciled on the Cash Flow statement, and must tie to cash – again, harder to manipulate for cosmetic appearances. So what are these measures…

PENTalk™ – A Tax Advantaged Approach For Your Clients

…deeper dive into the world of cash balance. This webinar will include a brief overview of a case study illustrating how a cash balance plan works, followed by an exploration of consultative strategies to assist you in preparing and presenting a cash balance plan to…

Thinking of Rolling an Old 401(k) Balance to an IRA? Not so Fast!

…with those savings when moving to a new job? The quick, and perhaps most obvious, answer is to simply roll your old 401(k) balance into your new 401(k) – what’s known as a trustee-to-trustee transfer, where the retirement savings sum remains tax-deferred without interruption. In…

Thinking of Taking a Loan from Your 401(k)? Not So Fast!

…you do leave your job, that 401(k) money should always be kept in a tax-deferred vehicle. Among your choices: Keep the money in your prior employer’s 401(k) plan (permitted if your balance is more than $5,000) Roll the balance directly into a rollover IRA Roll…

Aligning Plan Design with Client Goals

…They can have modest limits on contributions or can go up to multiple six figures in DB and cash balance plans. The key driver here is that unless a client is simply focused on the least expensive way to offer any sort of “retirement benefit,”…