Maximizing Tax Deductions Using a Cash Balance Plan

In this presentation, I will explain how a 401(k) plan and cash balance plan can combine capabilities to supercharge retirement savings opportunities and legal tax deductions for plan participants.  I will describe a stacking strategy that combines a 401(k) plan with a cash balance plan to allow for larger deductible contributions under IRS treasury regulations. This strategy is recommended for profitable professional practices and closely held businesses that are already maximizing their 401(k) contributions but still face a large tax bill, as the 401(k) plan has limits (ceilings) set by the IRS. Learn more: https://www.cummings.law/cb/