Cash Balance Plan Overview

Cash Balance Plan Overview

You’re successful, your credentials are impeccable and you’ve educated yourself by attending one of the finest schools or through tough life experience. You managed to build a business that is profitable beyond your wildest dreams, but every year more of your profits seem to be going to Federal and State taxes.

Most successful business owners spend much of their time improving their business and not thinking through where those profits are going when tax time comes around. Some business owners turn to IRAs, SEP Plans or 401K Plans to defer minimal taxation, but these plans have limitations and costs that do little to improve their personal bottom line.

At Charles Carroll, we can show you a retirement plan that benefits successful business owners dramatically, but because it isn’t mainstream, it is often overlooked.

To qualify, you have to have a workforce of fewer than 30 employees with an excess of 20% turnover annually, be highly profitable, have a substantive differential between your age and that of your employees… and you would like to dramatically reduce the tax burden.

A Cash Balance Retirement Plan could reduce your taxable income by hundreds of thousands of dollars annually AND instead of depositing that money with Uncle Sam, it goes into an account where the vast majority of the contribution is for your benefit.

Want to know more? Please give us a call today.


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