Once you understand these tradeoffs, you can work within the rules to find the right approach for your company. What makes me excited about cash balance plans is the flexibility they offer. For example, you don’t have to save the max: You take it slow for the first couple of years with a smaller contribution. Then, once you understand how the plan works, you can bump up the savings. This approach can help people avoid surprises that might affect the company’s cash flow.
Intelliplan is helping hundreds of individuals maximize the retirement options. A cash balance plan can be a huge boost to those wanting to ensure they are ready for retirement. Call or schedule an assessment today.