How Business Owners Can Shelter $150K–$300K+ From Taxes Using a Cash Balance Plan

Bob Miller: Partner/Vice President of Business Development of MidwestEmail: [email protected]: (865) 966-1225Mobile: (515) 306-9468Adam Olson, CFP [email protected] Most business owners think the most they can save pre-tax is their 401(k).That’s not even close.In this video, I sit down with Bob Miller from ERISA Services to break down one of the most powerful—and underutilized—tax strategies available to high-income business owners: Cash Balance Plans.If you:Make strong incomeHate overpaying taxesAre 45+ (especially 55–65)Want to accelerate retirement savings…this strategy could allow you to shield $150,000 to $300,000+ per year from taxes—on top of your existing 401(k).🔍 What We Cover in This Video:Why most business owners are unknowingly capped at $23K–$70KHow a Cash Balance Plan stacks on top of a 401(k)A real client example showing $220,000 pre-tax sheltered on a $300K incomeHow age dramatically increases what you can saveWhy many CPAs never bring this upWho this strategy works best for (and who it doesn’t)These plans are ERISA-qualified, IRS-approved, and designed specifically for business owners who want to:✔ Reduce current taxes✔ Catch up fast for retirement✔ Create flexibility for exit or succession planning⚠️ Important: Cash Balance Plans are powerful—but they’re not one-size-fits-all. Design, employee structure, income level, and long-term intent all matter.📞 Want to See If This Works for Your Business?If you’re a business owner and want to explore whether a Cash Balance Plan makes sense for you:👉 Reach out to me directly👉 Or contact Bob (info below)We’ll coordinate with your CPA and run the numbers before you make a move.I’m Adam Olson, CFP®. I’ve spent 14 years helping business owners and retirees reduce taxes, protect income, and build retirement plans that actually work—so retirement feels like a Saturday every day.📌 Contact Info:Adam Olson, CFP®🌐 adamolson.com | adamolson.bizHow much you need to retire quiz: https://bit.ly/Adam-OlsonInvesting involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.