For advisers and their clients who are exploring avenues to increase their retirement savings while minimizing their current tax liability, the Innovation Partners Consulting Cash Balance Retirement Plan (CBRP) is a unique solution. The CBRP features a number of benefits for clients, including:
- Potential for increased business tax deductions up to $200,000.00 annually
- Flexibility to weigh benefits in favor of owner(s) and/or key employees
- Significantly larger accumulation opportunity than a 401(k) plan up to $200,000.00
- Potential creditor protection of assets in the event of a lawsuit
- Ability to roll assets into an IRA or another qualified plan, upon retirement or termination
For pension plans evaluating methods to exit their defined benefit plans, Innovation Partners, LLC has a unique solution that can absorb the liability from the pension plan and provide a lifetime guaranteed retirement income to the plan participants.
Our firm offers and prices a wide array of retirement income solutions such as 401k plans, IRAs, SEP IRAs, and ROTH IRAs that can be customized to the adviser's clients.