Personal Pension Plan for Commercial Real Estate Professionals
Recent Employment Change Provides Outstanding Opportunity:
A 55 year old high-income realtor has recently become an “independent contractor” (1099) and is looking for expert guidance regarding a retirement plan that offers maximum income tax deduction. The good news is that as an independent contractor, the realtor can maintain a 401(k) and now layer a custom pension plan on top to significantly increase the tax deduction.
Total maximum custom package available to the 55 year old:
|Total –||$270,200 per year|
Advantages of the new plan design:
- The contribution to the realtor’s previous 401(k)/profit sharing would have been limited to $60,000 in 2017. The new custom plan increases the contribution to a maximum of approximately $270,200. In the 50% income tax bracket, the increased deduction saved the realtor over $100,000 in tax – THAT IS $100,000++ THE REALTOR WILL NOT SEND TO THE IRS THIS YEAR AND FOR MANY FUTURE YEARS.
- The realtor was able to use his trusted financial advisor to manage the money deposited into the plan.
- The custom design allowed for the realtor to invest in real estate if he so desired.
- By implementing the new plan immediately in 2017, the realtor was able to REDUCE HIS ESTIMATED QUARTERLY INCOME TAX PAYMENTS.