As experienced business owners and executives, maxing out your 401(k) contributions alone may not help you reach your individual retirement savings goals, leaving you to search for solutions to help accelerate the rate at which you may save for retirement and reduce your taxable income.
Enter a cash balance plan.
A cash balance plan differs from a traditional 401(k) in that it allows highly compensated executives to contribute more pre-tax savings for retirement, all while providing an attractive employee benefit that may help you recruit and retain key talent.
If interested in a Cash Balance Plan, call Kent Butcher or LeaAnn Nunley at 918-747-5585.