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View More Press Releases by Dedicated Defined Benefit Services

Press release:

Dedicated DB Offers a Unique Way to Open Qualified Retirement Plans Through Year's End

Issued by: Dedicated Defined Benefit Services

Date: Dec. 12, 2016

Quick Adoption process allows procrastinators to get big tax breaks when opened by Dec. 31

SAN FRANCISCO, December 12, 2016 -- With the growing gig economy, there are more high income self-employed people than ever. Many self-employed people often don’t plan for unexpectedly high taxes, but a defined benefit retirement plan can help reduce taxes and build savings.

Dedicated Defined Benefit Services, the leading provider of defined benefit plans for individuals with self-employment income, offers a Quick Adoption process that allows clients to open a defined benefit plan that still can provide clients huge 2016 tax breaks if they act before year-end.

“Defined benefit plans require a certain amount of plan design and usually providers can’t get that done in the last couple weeks of the year,” says Richard Collins, President of Dedicated Defined Benefit Services. “We are specialists in this field. We have a special way of making the process work so we can get a plan established by Dec. 31st and then customize the design to meet clients’ objectives.”

Clients can invest plan contributions in any marketable securities, such as stocks, bonds, ETFs, mutual funds and annuities. The IRS-approved plans also allow the highest tax-deductible contributions – averaging $100,000 plus each year. Unlike other plan providers, Dedicated DB charges no rush fees.

For high income self-employed individuals such as physicians, consultants, contractors, realtors, and small business owners from all geographic areas in the U.S., defined benefit plans are a good retirement vehicle to save on taxes -- and put money away.

“A lot of people are surprised to learn about DB plans and delighted when they set one up and see how it can work for them,” Collins says. “Many people don’t think about retirement plans until March or April, but if they wait that long they are limited to a SEP, which allows considerably less money to be contributed than what you can put in a defined benefit plan.”

If you’re interested in a plan, visit Dedicated DB’s website.


View More Press Releases by Dedicated Defined Benefit Services

This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

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