Benefits of a Cash Balance Plan – FREE Webinar

Save Taxes by Contributing to a Cash Balance Qualified Retirement Plan

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Cash Balance Plan

Join me as I host this informational FREE Webinar on the Benefits of a Cash Balance Plan

 

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This Webinar is for you if:

  • You are paying 33% or more income tax on your income
  • You desire to save taxes
  • You have extra cash flow that you wish to save on a pre-tax basis

If you want to…

  • Fund more than what your 401(k) plan will allow
  • Provide for a disparity in retirement funding between business owners
  • Create more flexibility in your funding

This Webinar on the Benefits of a Cash Balance Plan will help you gain an understanding of this type of Qualified Retirement Plan and achieve the above objectives.

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IRS Announces Benefit Plan Adjustments for 2014

The following limits have  been announced by the IRS for the year 2014:

  • 401(k) elective limits stay the same for 2014 – $17,500
  • Catch-up deferrals for those 50 or older remain the same – $5,500
  • Considered compensation limit moves up to $260,000 (previously $255,000)
  • Simple IRA deferrals also stay the same for 2014 – $12,000
  • Social Security Wage Base increases to $117,000 (previously $113,700)

The IRS also modified the “use-or-lose” rule for health flexible spending arrangements in order to allow, at the plan sponsor’s option, participating employees to carry over up to $500 of unused amounts remaining at year-end rather than having to forfeit all the unused amounts.  To utilize this option , your plan must be amended and this can still be done for 2013