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A Cash Balance Plan allows you to put away larger amounts than a traditional defined contribution retirement plan. In this episode, Larry Heller, CFP®, is joined by David Yackel from Pension Review Services to talk about all things cash balance planning.
David discusses:
- How a cash balance plans differ from your traditional defined contribution retirement accounts
- Why a cash balance plan is beneficial if you are looking to save large amounts pre-tax
- Who is a good candidate for a Cash Balance Plan
- How you can take advantage of a retroactive cash balance plan for 2022
- And more
Related: Tax-Saving Strategies Before Year-End with Matthew Taus, CPA