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Cash Balance Contributions: Definitely Not "Money for Nothing"

DWC 08/6/20
  In our last installment, we took a look at the different ways to define the contribution credits in a cash balance plan. For Robert Smith, the owner and only employee of Robert Smith, Inc., the contribution credit is set at $100,000 or 66.67% of W-2 pay, if lower. Now it’s time to start learning about the actual contribution amounts. As a ...
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Just Can't Get Enough...Savings from your 401(k) Plan

DWC 07/23/20
  Now that we know the basics, we can apply our knowledge to (almost) real life scenarios. We will follow our fictitious company: Robert Smith, Inc., an S-corporation with no employees other than the owner. Robert is an accomplished song writer who is currently living off royalties from his hits. Robert sponsored a SEP for many years, then at the ...
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Defined Benefit vs. Defined Contribution: A Cash Balance Plan Primer

DWC 07/9/20
  Welcome to Cash Balance Corner! We've created this bi-monthly column to teach you everything you need to know about defined benefit and cash balance plans in order to help you make the best possible decisions about your company retirement plan. Because a cash balance plan is a type of defined benefit (DB) plan, we'll start with a primer on the ...
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