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Tired of Taxes? A Cash-Balance Plan May Be the Answer to the Problem

June 7, 2012 (comments: 0)

BusinessWest has featured Charlie Epstein article on wealth building techniques.

What can successful business and professional entrepreneurs do to reduce rising taxes and create greater wealth for themselves? A cash-balance plan may just be what the doctor ordered. High-net-worth individuals have a constant need to maximize the bottom line. In addition, many have their retirement future locked up in the value of their company, with the hope of one day unleashing that value with the sale of the business. One effective way to accomplish the goals of reducing taxes and maximizing the value of your business on an ongoing basis is to generate higher tax deductions by accelerating contributions to your company-sponsored retirement plan. Now may be just the time to re-evaluate your current retirement plan design to achieve both outcomes.

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