What is a Pension?
Maximize Your Retirement Savings
A pension plan is a retirement savings plan that you establish as a self-employed person, entrepreneur, or business owner. This plan has significantly greater tax advantages compared with a 401(k), IRA, or SEP, that allow you to save for retirement.
Personalized Plan Questionnaire
Business Type
What type of business do you own?
How Does a Pension Work?
You would establish a pension plan, which would include a 401(k), profit-sharing plan, and cash balance pension plan. Unlike a traditional retirement savings plan, which has a defined contribution, your pension plan has a defined benefit, which you choose. The pension plan assets are there to fund a specific salary in retirement, which allows for a larger tax-deductible contribution.
- Qualify for the Pension
Take our simple and easy questionnaire for our confidential no cost, no obligation, pension review.
- Design your Pension
Create a low-cost customized retirement vehicle which best suits your needs and goals.
- Invest and Save over time
Contribute and grow your pension's assets to fund your retirement. The best part is its tax deductible.
Did You Know?
You can utilize Life Insurance inside your pension plan to help even more with deductibles.
Tax-Deductible Premiums
Premiums are paid with pre-tax dollars from the plan, effectively making them tax-deductible.
Tax-Free Death Benefit
Your family receives the death benefit income-tax-free, providing security and peace of mind.
Our Trusted Partners
Step 1: Qualify
Select your corporation type to see specific qualification criteria and guidelines.
Sole Proprietorship Requirements
You receive compensation through the following:
Form Schedule C: Receiving 1099-NEC or report gross income on Line 1.
You have qualified “compensation” from your business activities. What qualifies as “compensation”?
Net Business Profit subject to Self-Employed Tax reported on Schedule SE, Line 2. Also Reported on Form Schedule C, “Line 31”.
You have $300,000 or more in “Net Business Profit/Ordinary Business Income/Taxable Income” and you need a corporate funded deduction.
Reported On Form 1040, Part II “Adjustments to Income” on Line 16 ”Self Employed SEP, SIMPLE, and Qualified Plans”.
Compare Retirement Plans
SEP-IRA vs. 401K/Cash Balance Pension Plan
See the detailed breakdown of benefits and requirements
Calculate Your Potential Savings
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