Is a cash balance plan a good fit as a retirement plan for a doctor's office with ten employees?

Karen founded a successful architecture firm and now wants to focus on saving money on taxes AND saving more for her and her employees' retirement. Is a cash balance plan a good fit for them?

Fall is in the air and we are officially creeping towards the end of the year. If you are a business owner or a partner, this is typically the time of year when your retirement plan crosses your mind. Whether you need a minor tweak or a major overhaul, your retirement plan strategy is worth a review before the end of the year to make sure you are doing all you can to meet the needs of your own retirement, your employee’s needs, and your company’s objectives.

If you are a business owner and haven’t heard of a cash balance plan before…you’ll want to keep reading to find out if you can save a small fortune in taxes AND ramp up your retirement funds.