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 […]
This article has been updated for 2025. 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 […]
This article has been updated for 2025. 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 […]
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 […]
