Defined Benefit Plans with
Edge Financial Advisors
Ed Meek and James Alexander of Edge Financial Advisors join Garrett Layell to discuss how Edge FA helps business owners set up a pension like retirement fund with Defined Benefit Plans.
Defining Defined Benefits
What is a Defined Benefit Plan and how does it compare to a Traditional 401k plan? Ed Meek & James Alexander discuss how these unique plans work to help high-income earning business owners save thousands of dollars on their taxes and amass large additions to their retirement funds.
Volatility is the Enemy of Defined Benefit Plans
Defined Benefit Plans offer unique opportunities for business owners to secure a larger retirement portfolio. However, they are not without some potential challenges.
Learn how losses from poor investment returns can have a compounding effect of adding complexity to Defined Benefit Plans and how your Financial Advisor can help you address these risks.
What if You Overfund a Defined Benefit Plan?
Unlike 401k plans which are limited by a contribution amount, Defined Benefit Plans are limited to a total dollar amount.
But what happens if your investments outperform your expectations and you end up with more in the plan than you expected? Ed Meek & James Alexander of Edge Financial Advisors explain the simple solutions your Financial Advisor team can use to address this issue.
Understanding the Limits on Defined Benefit Plans
Learn what the plan limits are for Defined Benefit Plans and how they are calculated and planned for by Financial Advisors and their teams.
Many business owners may have a Defined Benefit Plan as well as a 401k for themselves and their employees. How do the contribution limits work between these two types of retirement plans?
Where Do Defined Benefit Plans Fit?
While offering a very unique benefit to business owners and the ability to save hundreds of thousands of dollars in taxes, Defined Benefit Plans do come with some additional considerations.
Working with a Financial Advisor specializing in these plans can help you align it with your overall financial plan and keep the appropriate investments in the most suitable buckets to give you cash flow flexibility and proper tax strategy alignment.
Who Should Consider a Defined Benefit Plan?
Not all savers will be able to participate in the benefits of a Defined Benefit Plan. Learn from Ed Meek & James Alexander of Edge Financial Advisors who qualifies and will be able to gain the most from setting up a Defined Benefit Plan for their company.