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How to use a Cash Balance Plan to qualify for the full QBI deduction

September 11, 2019

How to use a Cash Balance Plan to qualify for the full QBI deduction

Is a Cash Balance Plan right for you? Schedule your free 15-min. call to find out >>>https://bit.ly/2y85PTq

The Tax Cuts and Jobs Act has created some significant tax breaks for a lot of business owners through the QBI (Qualified Business Income) deduction. The catch is that if your income is over a certain threshold and you have a service business, you’re going to have a very hard time qualifying for this QBI deduction. 

In today’s video, I’m showing you a very powerful strategy that will help you qualify for the QBI deduction… even if you struggled to or didn’t qualify last year!

You’ll learn:

  • What is the new Qualified Business Income deduction & how does it work?
  • Why a Cash Balance Plan can help profitable service businesses qualify for the QBI deduction
  • How you can “stack” 401k, profit sharing, and Cash Balance Plan contributions to get a 6-figure tax deduction!

Click here to watch the full video.

Video Summary

The Cash Balance Plan is a beautiful thing and after watching this video, you’re probably asking yourself “is the cash balance plan right for me?” It’s not an easy question to answer because even though this is a powerful retirement saving and potentially tax reducing vehicle for retirement, there’s not a black and white answer. There are a lot of little nuances and a number of factors to consider when you’re thinking about a Cash Balance Plan.

You will want to check a few boxes before you go down the path of the Cash Balance Plan to see if it’s a good fit for your business. I can tell you after 3 questions whether this is something that you should seriously consider.

Schedule your free 15-minute call to find out >>>https://bit.ly/2y85PTq

THANKS FOR READING!

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Ashley Micciche of True North Retirement Advisors

Disclosure: 

The views outlined in this newsletter are those of True North Retirement Advisors (TNRA) and should not be construed as individualized or personalized investment advice. Any economic and/or performance information cited is historical and not indicative of future results. Economic forecasts set forth may not develop as predicted.

Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for a given client or portfolio.

Investing in stocks includes numerous specific risks including the fluctuation of dividend, loss of entire principal and potential illiquidity of the investment in a declining market. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond and bond mutual fund values and yields will decline as interest rates rise and bonds are subject to availability and change in price.

Any questions regarding the applicability of any specific issue discussed above should be addressed with TNRA. All information, including that used to compile charts and/or tables, is obtained from sources believed to be reliable, but TNRA has not verified its accuracy and does not guarantee its reliability.

Moreover, you should not assume that any discussion or information contained in the newsletter serves as the receipt of, or as a substitute for, personalized investment advice from TNRA or from any other investment professional. To the extent that you have any questions regarding the applicability of any specific issue discussed above to your individual situation, you are encouraged to consult with TNRA or the professional advisor of your choosing. All information, including that used to compile charts, is obtained from sources believed to be reliable, but TNRA has not verified its accuracy and does not guarantee its reliability.

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