DB for self employed who has 403(b)

[Guest kprhok]

I am exploring general planning issues that need to be considered when you have a physician, employed by a university and contributing to their 403(b), and who also has solo consulting practice and wants to install a Keogh plan to maximize contributions/benefits for the next 5-10 years until age 65. We are looking for more than the normal 49k contribution limits so I am thinking of DB alternatives?

Question: Are there any glaring red flags that would prohibit or substantially diminish the value of a DB arrangement for this individual (no employees, just the owner)?

Are there any publications or articles that discuss features of solo DB plans and when they are suitable vs. when to avoid. Most clients have 403(b) arrangements and may have an old Keogh PS/MPP plan. I thought exploring the DB option for clients who fall into that category would make sense.

Any general advice or guidance, resources, etc will be greatly appreciated.

[david rigby]

Might be some generic reading material on the IRS website, such as http://www.irs.gov/retirement/sponsor/arti...=155347,00.html. (I'm not endorsing or criticizing this material.)

A possible red flag might be the likelihood that this Doc may have some employees in the future, or be part of a controlled group. To some degree, this issue applies no matter what type of plan is used. Experience ERISA attorney can help, as can experienced small plan actuary.