
Recent changes in the tax law have made the fully insured defined benefit plan more popular and more powerful as a reitrement planning tool.
• You receive immediate income tax deductions.
• Your plan assets grow income tax.
• You are permitted to make large plan contributions.
• Your assets are creditor protected.
• Your plan benefits are fully guaranteed by a major insurance carrier.
• Your C or S Corp, Family Limited Partnership or LLC can adopt the plan.
• Your plan is governed by ERISA and registered with the I.R.S. & D.O.L.
A Fully Insured Defined Benefit plan allows a business owner to contribute significantly more towards traditional retirement plans.
This makes Fully Insured Defined Benefit plans a far more powerful technique than IRAs, SEPs, 401(k)s or profit-sharing plans for a business owner to plan aggressively for retirement while enjoying large immediate income tax deductions.