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Message
re: Tax experts/IRA experts.
Posted on 2/1/24 at 10:31 am to LSUFanHouston
Posted on 2/1/24 at 10:31 am to LSUFanHouston
quote:
S Corp? Might be time to look at a cash balance / defined benefit plan
Yes S-Corp, both are S-Corp with different ownership in either. We are happy with where we are but taxation has become a huge burden. I’m just trying to figure out how to defer as much as possible.
2
Posted on 2/1/24 at 12:18 pm to XenScott
Cash balance would be your next step.
Posted on 2/1/24 at 1:02 pm to XenScott
S Corps aren't super for retirement contributions. You have to jack your salary higher to max out, which whittles away at the benefit of the S Corp.
Yes, cash balance might be your answer. Talk to your retirement plan company about this.
Yes, cash balance might be your answer. Talk to your retirement plan company about this.
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