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Thank you FPGuy. My dividends (or called distributions for S corp) are pass through as far as I know. QBI Phases out for Married joint is $315k, am I right?

Thank you, Mike, for all the explanations. I really appreciate it. I think it's a good idea to find an actuary and set up a DB. Have a great day.

Half and half. Thanks.

Hi Mike, W2 150k is total for 2018. We pay ourselves annually. Yes, how much should we increase? Thanks.

Thank you Lou. My daughter works for the company as a part time (most in summer). We like to put more than$112k into the plan. We are also expecting more income from the company.

Hi all, I'm new to here and new to defined benefit plan. If I asked improper questions, please feel free to let me know. I'm a s. corp owner, and only my husband and I will be qualified for DB. My company was incorporated in 2018 and it was LLC before that. My husband and I get W2 since 2018. The income on W2 is around $150,000, but dividends for this year will be ~$400,000. We had profit sharing 401k last year. I'm thinking 1) should we get DB for Tax wise 2) How much can we put in DB? Just want to get an idea. I know we will need an actuary if we plan go get DB. Both of us at 54 years old this year. Any advice will help and I appreciate it. Thanks.