2021 Cash Balance Retirement Plan Contribution Deadline

The 2020 Secure Act made an essential change to the deadlines for setting up Defined Benefit plans. Many Small business owners that file extensions are unaware that they still have time to set up and contribute to a Cash Balance Defined Benefit plan to offset 2021 tax liability. Small business owners now have until 9-15-2022 to set up and contribute to these robust plans for 2021. If you are a small business owner that would like to reduce your taxes, accelerate retirement savings, create tax-free money to pay for health expenses, then visit us at www.retirmentactuarialservices.com to learn more.

Stephen Arnold

Author Stephen Arnold

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