DeSales Associates

Concerned About Rising Taxes?

Make Sure You Don't Miss This Great Opportunity to Reduce Taxes and Increase Retirement Savings
Using Tax-Qualified Retirement Plans.

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

(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.

Click on link below to download spreadsheet:
Data Request for Tax-Qualified Retirement Plan Analysis

Please return completed spreadsheet via email to jsmetona@desalesassociates.com