Using a Cash Balance Plan To Save Large Pre-Tax Dollars with David Yackel

A Cash Balance Plan allows you to put away larger amounts than a traditional defined contribution retirement plan. In this episode, Larry Heller, CFP®, is joined by David Yackel from Pension Review Services to talk about all things cash balance planning.

David discusses: 

  • How a cash balance plans differ from your traditional defined contribution retirement accounts
  • Why a cash balance plan is beneficial if you are looking to save large amounts pre-tax
  • Who is a good candidate for a Cash Balance Plan
  • How you can take advantage of a retroactive cash balance plan for 2022
  • And more

Related: Tax-Saving Strategies Before Year-End with Matthew Taus, CPA