Last Chance For Pre-Retired Professionals & Biz Owners
Doctors, dentists and business owners with more than $315,000 of 2018 taxable-income have one last chance not to pass up on this tax and retirement planning opportunity.
With just weeks before the end of the year, time is running out to reduce your 2018 tax bill while socking away a large sum in retirement.
This strategy is particularly useful to professionals and business owners in their peak earning years who have not saved enough to retire.
The linchpin of this tax and retirement planning strategy is a defined benefit (DB) plan, a tax-advantaged vehicle that is not nearly as well-known as defined contribution (DC) plans but can be a potent vehicle for catching up on retirement savings fast.
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