When it comes to building long-term wealth and reducing taxable income, Defined Benefit (DB) plans can be one of the most powerful retirement tools available to business owners. Unlike 401(k)s or profit sharing plans, Defined Benefit plans promise a specific …
Retirement plan terminology can be confusing, even for business leaders who already sponsor a 401(k) or other benefit program. Terms like “defined benefit,” “qualified benefit,” and “pension plan” are often used interchangeably, but in reality, they refer to distinct concepts …
As a business owner, your time is precious, and figuring out how to manage that time can be overwhelming. The more success you find in your industry, the more your list of responsibilities grows. To have a firm grasp on …