How Much Can I Contribute In A Defined Benefit Plan?
If you are self-employed or own a small corporation or
limited liability company, a
Defined Benefit plan may
be exactly what you need to generate a large tax deduction each year and
start saving for retirement.
Defined Benefit plans are now
better than ever, thanks to the Economic Growth and Tax Relief Reconciliation
Act of 2001 (EGTRRA). The new higher benefit limits EGTRRA placed on
Defined Benefit plans
means higher possible contributions and more tax deductions.
To calculate what your maximum annual contribution/deduction might be, just
enter the following information. Please remember that these are estimates only;
many other factors must be considered to complete a valid Actuarial Valuation.