This article has been updated for 2024. How much is the lifetime limit for a Defined Benefit Plan? Many business owners, financial advisors, and CPAs ask us this question. Before we go any further, let’s define what we mean by a lifetime limit. Simply put, it is the maximum lump sum distribution that can be […]
This article has been updated for 2024. How much can you save in a Defined Benefit Plan? If you’ve read our prior posts, you know that Defined Benefit Plans allow for substantial, tax-deductible retirement contributions. In fact, for high-income business owners, a Defined Benefit Plan (“DB Plan”) is often an ideal vehicle. Just how much can […]
