Cash Balance Plans: What You Need To Know

07/08/2024 35 min Temporada 4 Episodio 13
Cash Balance Plans: What You Need To Know

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Episode Synopsis

Cash Balance plans offer a great way to boost your retirement savings, lower your taxes, and speed up your savings during high-income years. They provide more flexibility compared to traditional pension plans, yet allow for high annual contributions and are often paired with existing 401(k)/profit sharing plans. In this episode, ACap's Matt Crisafulli is joined by Kevin Palm of Kravitz, Inc., An Ascensus Company, to discuss the fundamentals of Cash Balance Plans.What You Will Learn:Determining if your business is suitable for a Cash Balance planDifferences between a Cash Balance plan and other retirement savings optionsPotential savings with a Cash Balance planHow a Cash Balance plan can help reduce your taxesSchedule a Consultation:https://www.acapam.com/contact/Financial Advisor in Los Angeles, CACPA in Los Angeles, CA12031 Ventura Blvd., Suite 1Studio City, California 91604(818) [email protected] ACap's Financial Quick Tips

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