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DeSales Associates is an actuarial firm located in Pepper Pike, Ohio. We specialize in creating, designing and providing ongoing support for tax-qualified retirement plans. What sets us apart is a creative and imaginative problem solving approach together with an orientation that seeks out opportunities to add value.
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Concerned About Rising Taxes?Make Sure You Don't Miss This Great Opportunity to Reduce Taxes and Increase Retirement Savings Under a combination of a defined benefit plan and a 401(k) plan, 2009 deductible amounts for a sole proprietor are illustrated below. Approximate 2009 Maximum Tax-Deductible Contributions |
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| (a) Attained Age in 2009 |
(b) Defined Benefit Plan Maximum |
(c) Profit Sharing Plan |
(d) 401(k) Salary Deferral Plan |
(e) Catch-up Contribution |
(f) Maximum Total: (b)+(c)+(d)+(e) |
| 30 | 46,400 | 14,700 | 16,500 | -0- | 77,600 |
| 35 | 64,000 | 14,700 | 16,500 | -0- | 95,200 |
| 40 | 88,600 | 14,700 | 16,500 | -0- | 119,800 |
| 45 | 123,600 | 14,700 | 16,500 | -0- | 154,800 |
| 50 | 172,300 | 14,700 | 16,500 | 5,500 | 209,000 |
| 55 | 238,700 | 14,700 | 16,500 | 5,500 | 275,400 |
| 60 | 260,900 | 14,700 | 16,500 | 5,500 | 297,600 |
| 65 | 297,400 | 14,700 | 16,500 | 5,500 | 334,100 |
If you would like to learn more or would like to receive a free consultation for developing a contribution strategy and plan design that helps you realize your tax and savings objectives, call DeSales Associates toll free at (888) 595-3940 and ask for Julius Smetona.