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Retirement PlansCognis Group

What is a Cash Balance Plan, and how does it benefit practice owners?

Direct answer

A Cash Balance Plan lets high-earning owners shelter hundreds of thousands of dollars in taxable income on top of a 401(k).

A Cash Balance Plan is a type of defined benefit plan that allows high-earning owners and partners to slice hundreds of thousands of dollars off their annual taxable income. It sits on top of your existing 401(k)/403(b) and significantly accelerates your path to retirement.

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