Adding a Cash Balance Plan to Your 401(k)

Описание к видео Adding a Cash Balance Plan to Your 401(k)

Just because you've maxed out 401k contributions through your small business doesn't mean you're out of tax advantaged savings options.

A Cash balance plan can be a great addition if you're seeking more tax deferral opportunities.

They're a mix between defined contribution and defined benefit plans, and can be a helpful addition for aggressive savers to save some extra cash.

00:00 Introduction
00:30 Defined Contribution vs Defined Benefit
01:09 Cash Balance Plans
02:20 How it Works
04:18 Benefits
04:37 Retirement Age

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