Broker Check

Retirement might be closer than you think!

August 19, 2015
By: Maxwell A. Coulliette, CFP®, CLU, and ChFC
Pension News

Fully Insured Defined Benefit Plans Under Section 412(e)(3) The Best of All Worlds: Tax deductions and Guaranteed Lifetime Income or Lump Sums at Retirement.

Are you a successful professional, a self-employed person, or a small business owner?

Is your business doing very well, and are you now looking for a way to put larger amounts of deductible money into your retirement accounts? A Fully-Insured DB plan under section 412(e) (3) plan might be the answer. Are you fed up with being knocked around by turbulence everyone has experienced in the investment markets in recent years? How about a fully-guaranteed pension account that may completely replace much of your current income in retirement!

If all of this sounds appealing, then keep reading.

The Fully Insured Defined Benefit Plans / 412(e)(3) plans is one way to receive tax deductions up to $350,000 a year by placing money into a retirement account in a short amount of time. It is a unique fully tax-deductible defined benefit plan. Simply described, defined benefit means that you create a specific amount of income (The benefit) in a specific way, to be paid out by way of exact calculations set out by a plan document: for the rest of your life. It may sound a little scary but we have the documents and the experience to help you implement your plan with ease. We have over 15 years of experience in designing and maintaining these plans.

The Fully-Insured Defined Benefit (FIDB) or 412(e) (3) plan creates a vehicle that can provide a very high pension income for retirement and a current large tax deduction.

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