Defined Benefit Plan

Posted on

Putting corporate income into a retirement plan can offer you immediate tax savings, as well as long term benefits. One of the most beneficial retirement plans is a defined benefit plan, especially for individuals who want to retire within 7 to 15 years and have significant dollars to contribute. Compared to other plans established, the payouts of defined benefit plans can be much larger because the limits on contributions are much higher as your age increases. The closer you are to retirement, the more you can contribute on a tax-advantage basis. All contributions are tax-deferred and are considered a corporate expense. Beyond these tax-deferral and payout benefits, you can also contribute on behalf of non-compensated family members and also take loans against the plan.

To learn more about a defined benefit plan, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.

Start your Nevada LLC in 24 hours
guaranteed

You don’t need to live in Nevada to enjoy the best asset protection
and audit defense a Nevada LLC can provide.

Tags: Business in Nevada, Corporation, Entity, Entrepreneur, Inc, Incorporate in Nevada, Incorporating Your Business, incorporation, Nevada Corporation, Nevada LLC, New Business, small business, Start a Business

    24 HOUR LLC GUARANTEE

    Speak With a
    Business Expert


    TrustPilot

      24 HOUR LLC GUARANTEE

      Speak With a
      Business Expert

      Search

      Start your Nevada LLC in 24 hours guaranteed

      You don’t need to live in Nevada to enjoy the best asset protection and audit defense a Nevada LLC can provide.

      Categories

      Archives