This article has been updated for 2022. 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

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

This article has been updated for 2022. 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

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

This article has been updated for 2022. If you run a business, a Personal Defined Benefit Plan could save you tens of thousands of dollars (or more). How do you know if a Personal Defined Benefit Plan is right for you? What are the advantages of setting up a Plan? These are the questions we’ll […]

What is a Defined Benefit Plan?

The Personal Defined Benefit Plan. Advantages and When It Makes Sense.

This article has been updated for 2022. Introduction What is the definition of a Defined Benefit Plan? How do they function? Are they similar to other retirement plans? We will answer these and other questions in this article. Defined Benefit Plan Definition Defined Benefit Plans are retirement plans. Unlike Defined Contribution Plans, benefits are not […]

Defined Benefit Plan Definition

Defined Benefit Plan Definition. What They Are and How They Work.