Defined Benefit Plan: How Does it Work? (Part 2 of 2)

Episode 3 March 22, 2023 00:15:08
Defined Benefit Plan: How Does it Work? (Part 2 of 2)
Ed's Edge
Defined Benefit Plan: How Does it Work? (Part 2 of 2)

Mar 22 2023 | 00:15:08

/

Show Notes

The Defined Benefit Plan is a pre-approved retirement plan solely for business owners or self-employed individuals who want to take advantage of massive tax savings each year in order to accelerate their retirement. We discussed exactly what this plan is in our first podcast episode, but we realize there are still many outstanding questions. For example, what are the limitations? How flexible is the plan? More broadly, what exactly is one getting themselves into by utilizing this plan? In part 2 of the Defined Benefit Plan podcast, we discuss those outstanding questions, highlighting exactly how the plan works for those that qualify.

Other Episodes

Episode 6

June 17, 2024 00:20:33
Episode Cover

Lies You’ve Been Told About Money

In this episode of Ed’s Edge, Ed & James breakdown the most common financial myths that are holding you back. They cover everything from...

Listen

Episode 2

March 02, 2023 00:14:04
Episode Cover

Defined Benefit Plan: What is It? (Part 1 of 2)

If you are a small business owner or independent contractor with a high income who is tired of paying the government too much in...

Listen

Episode 9

December 07, 2020 00:25:09
Episode Cover

Adjusting in Retirement (Part 3 of 3)

So you did it! You are not only retired, but you are confident in your own plan to live the life you want moving...

Listen