Cash Balance Plans: A Tax & Retirement Strategy for High Income Owners

Course Description

This comprehensive course offers an in-depth exploration of Cash Balance Plans for accounting professionals. Explore the key features, benefits, and regulatory requirements of these plans, and learn effective implementation strategies to maximize retirement savings and tax deductions for high-income owners. Real-world case studies and practical examples will provide the knowledge needed to navigate plan design, compliance, and funding strategies. By the end of this course, you will be prepared to counsel clients on the suitability of Cash Balance Plans and their role in enhancing financial planning strategies.

Syllabus

1. Recognize the tax and retirement savings benefits that Cash Balance Plans offer high-income owners
2. Determine how accounting professionals utilize Cash Balance Plans to increase their monthly recurring revenue
3. Identify which clients are best suited for a Cash Balance Plan
4. Evaluate how Cash Balance Plans can maximize benefits to owners while minimizing costs to employees