Contribution backfilling is a powerful strategy that business owners may use in a variety of situations. This article will provide Defined Benefit Plan context for understanding, explain the concept of contribution backfilling, and examine several situations where backfilling in a Defined Benefit Plan may be beneficial. Context: Defined Benefit Plans Explained A Defined Benefit Plan […]

Backfilling a Defined Benefit Plan

April 15, 2021

Defined Benefit Strategy: Contribution Backfilling

This article has been updated for 2021. Background: Locum Tenens Retirement Are you a locum tenens worker? If so, planning for your retirement is critical. For example, you likely are not enrolled in an employer-sponsored retirement plan. In other words, saving for retirement is your responsibility. However, being self-employed provides a broader range of options […]

locum tenens retirement

October 16, 2020

Retirement for Locum Tenens Workers. What Is the Right Vehicle?

This article has been updated for 2021. What Is a Cash Balance Plan? A Cash Balance Plan is a type of retirement plan. However, unlike individual retirement vehicles, such as IRAs, Cash Balance Plans are employer-sponsored. Thus, an individual cannot adopt a Cash Balance Plan unless he or she is self-employed. Additionally, if an individual […]

What Is a Cash Balance Plan

August 19, 2020

What Is a Cash Balance Plan? How Does a Cash Balance Plan Work?

This article has been updated for 2021. Introduction: How Are Defined Benefit Plans Taxed? Defined Benefit Plans are a powerful retirement and tax planning tool. In this article, we will explain how Defined Benefit Plans are taxed. We will start by describing how Defined Benefit Plans are funded and distributed. Next, how the employer and […]

How are Defined Benefit Plans Taxed

July 1, 2020

How are Defined Benefit Plans Taxed? Impact on Income and Payroll Taxes.

This article has been updated for 2021. Defined Benefit Plan Target Return Rate What investment return should I target in a Defined Benefit Plan? Financial advisors ask us this question quite a bit. While we cannot give investment advice, we will provide you the information needed to arrive at your own conclusion. Specifically, we will […]

Defined Benefit Plan Investment Return Target

April 16, 2020

Investment Return Target for a Defined Benefit Plan. What’s the Right Answer?