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Situation: The Three Partners in a business are ages 63, 58 and 53 but the 58 year old wants $70,000 contributed to a qualified plan while the 53 year old and the 63 year both want $40,000. Solution: This can be done! Plan Type: Cash Balance Defined Benefit Pension Plan See Chart | Contact Us | Proposal Request
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Design Strategies
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Information is provided for review and consideration only. Please consult legal and tax advisors for practical advice pertaining to your business and personal situations. This page was last reviewed and/or updated on Friday, August 13, 2010 10:46 AM |
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