The personalized online tool helps advisers show high-income clients the tax advantages of a defined benefit (DB) plan. The tool allows advisers to quickly create a personalized DB plan plus a 401(k) illustration estimating tax impact for a client with just a few pieces of information.
The tool can compare a client’s personalized contribution for a Simplified Employee Pension (SEP), Savings and Incentive Match Plan for Employees (SIMPLE) 401(k) and DB plan. It can also prepare a six-page, client-ready PDF proposal.
Dedicated DB focuses on helping advisers offer DB plans to high-income earners and small-business owners. More information is available at http://www.dedicated-db.com/.