Are You Paying Too Much Income Tax

Are you paying too much income tax?

If you are business owner and currently paying too much tax, you might want to take a look at the “benefit focused defined benefit pension plan”. You see, The Pension Protection Act of 2006, which took effect in 2008, created a new breed of defined benefit plan called “benefit focused pension plan". This new pension plan also dovetails nicely with the Trump tax law section 199A, which allows you to deduct additional 20% from your net business income, saving you potentially another $30,000 income taxes each year. 

This new pension plan:

·     Allows the business owner to take the largest tax deduction of any qualified retirement plan, easily saving six figure income tax each year while working

·         Potentially double tax deductions of a regular, traditional/cash balance defined benefit plan

·         Allows the business owners and their families benefit the most from plan assets while minimizing employee costs

·         This plan provides the greatest financial resources the law allows for the long term income security at the maximum possible legal amounts for the lifetime of the participants and their spouses

·         It is not subject to the IRS statutory limit of $2.6 million dollars

To learn more about this special pension plan, please message me or email me at [email protected]