Take Charge of Your Company’s Pension Assets!
Has your accountant told you that you should set up a Defined Benefit Pension Plan in order to be able to reduce your taxable income? If you’re not a huge fan of the Wall Street rollercoaster, you have probably been scouring the internet trying to find if you can set up a Self-Directed Defined Benefit Plan.
Self-Directed Defined Benefit Plans
It’s important to understand that Pensions are Self-directed by law. Did you know this? Probably not. The Financial Advisors who sell Self-directed Defined Benefit Plans don’t really want you to know that. They want you to place your pension with them so they can collect the management fee.
However, it is important to realize that The Business Owner is the Trustee of the Pension. That means that the Business Owner has a Fiduciary responsibility to the plan and can make investment decisions for the plan. The Fiduciary may make any Prudent Investment, including Real Estate.
Is a Self-directed Defined Benefit Plan For You?
Most Business Owners delegate the Fiduciary responsibility to a Financial Advisor. The Financial Advisor invests and manages the Plan Assets. Do you personally want to be financially responsible for guaranteeing all of your employees’ Pension Benefits if you have hundreds of employees? Probably not! Let the Financial Advisor assume that responsibility.
But if business is successful and you are a small, closely-held business or a solo-entrepreneur, a Self-directed Defined Benefit Plan may be right for you.
Tax Benefits
It’s important to realize that a Defined Benefit Plan allows for the greatest contributions. Unlike 401(k) or IRA plans, the contribution is not limited. The plan documents state the retirement benefit, and you must contribute enough to keep the plan fully funded. This sometimes means that contribution can be as much as $200,000 per year. It’s also important to realize that the contributions are tax-deductible to the business.
You don’t HAVE to place your plan assets in traditional Wall Street Assets. You just need to work with an Innovative plan administrator that realizes Wall Street isn’t the only option AND has almost 50 years of actuarial experience and the skills necessary to deal with financial alternatives and real estate.
If you are a profitable small business, you already know that a Defined Benefit Pension Plan is the most effective way for you to simultaneously put money away for retirement AND reduce your taxable income. A Self-directed Defined Benefit Pension Plan lets you take charge of your company’s Pension Assets.
Download And Read This FREE REPORT To Learn:
The Five Important Things You NEED to Know Before Starting a Self-directed Defined Benefit Plan.
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No Rendering of Advice: The financial content in this document is provided for your personal education. It is not intended for trading purposes, and cannot substitute for professional financial advice. Always seek the advice of a competent financial advisor with any questions you may have regarding a financial matter. Information in this document is not appropriate for the purposes of making a decision to carry out a transaction or trade nor does it provide any form of advice (investment, tax, or legal) amounting to investment advice, or make any recommendations regarding particular financial instruments, investments, or products.
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