A very important avenue for future financial security is retirement planning. Contributions for the pension plan may be as high as a few hundred thousand dollars. Based on each individual situation, we suggest various pension plans – 401(k), SEP, Defined Contribution, Defined Benefit etc. This brings huge tax savings and a financially secure retirement.
With the recent changes in tax laws, lot of creative strategies can be developed thereby maximizing the contribution for owners and in some cases the deductions can be as much as several hundred thousands of dollars.