This article has been updated for 2025. Introduction A one-owner business often begins as a Sole Proprietorship. Other times, the business is set up as a Limited Liability Company (LLC) without any tax election. In either of these cases, the business would be taxed as a Sole Proprietorship. However, as the business grows, the tax […]
This article has been updated for 2025. Introduction Saber Pension has discussed Defined Benefit Plans as a guest on several podcasts. In this post, we have provided the Defined Benefit Plan podcast transcripts and access to the full shows. Note that we have made minor edits to the transcripts for readability purposes. For your convenience, […]
This article has been updated for 2025. 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 […]
You’re independent. Your retirement strategy should be too. You move where the work takes you — filling critical gaps and choosing your own schedule. But as a locum tenens physician, you’re also responsible for your own benefits and retirement. That flexibility gives you a powerful opportunity: to design a retirement plan that can save six […]
This article has been updated for 2025. Introduction: How Are Defined Benefit Plans Taxed? Defined Benefit Plans are among the most effective retirement and tax planning vehicles for business owners. However, before adopting a plan, it’s essential to understand how these plans are taxed. To answer this question, we will explain taxation at each stage […]
This article has been updated for 2025. Defined Benefit Plan Due Dates Defined Benefit Plans have several deadlines. To receive favorable tax treatment and avoid penalties, you must meet these due dates in a timely fashion. What deadlines must you be aware of with a Defined Benefit Plan? We discuss these deadlines below in more […]
This article has been updated for 2025. A side business provides a great opportunity to save for retirement. In fact, a business owner may be able to save and deduct most or all side business income using a Defined Benefit Plan. SEP and 401(k) Plans significantly limit retirement contributions. Defined Benefit Plans, on the other […]
This article has been updated for 2025. Maximize Tax Savings and Build Retirement Wealth with Pension Plans for Self-Employed Professionals and Small Business Owners If you are self-employed or a small business owner, a Self-Employed Defined Benefit plan is one of the most powerful retirement planning tools available. With the right strategy, this pension plan […]
