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TD Ameritrade Institutional is our principal custodian for client assets under management. All accounts are fully insured and the separate property of the client.

Robert Hunter Registered Investment Advisor is now
Marin Wealth Advisors .
Please visit us at our new financial services web site.

Solo Defined Benefit Pension Plan For The
Highly Compensated Self Employed

solo defined benefit plan

Solo defined-benefit pension plans allow self-employed workers to set aside $100,000 or more a year, substantially more money for retirement than they ever could in a traditional 401(k). (The maximum self-employed workers can save in a defined contribution plan like a SEP Plan or 401(k) is $46,000 in 2007.)

Solo Defined Benefit Pension Plans are aimed at single-worker businesses or those with one to five employees. The plans allow small-business owners and professionals to set aside much larger sums for retirement while shrinking their annual tax burden. The maximum contribution for the 2007 tax year is over $180,000.

The ideal candidate for a Solo Defined Benefit Retirement Plan is a self-employed worker over 50 who expects to have a steady, high income and the ability to contribute at least $60,000 a year for at least three years.

Professionals drawn to a Solo Defined Benefit Pension Plan include;  attorneys, doctors, real estate professionals, directors, consultants, speakers, media professionals, professional athletes, architects, dentists, and software developers.

For instance, a doctor or attorney with a small staff and earning $300,000 to $400,000 per year could contribute more than $150,000 per year.  As well, someone earning $80,000, for instance, sitting on a board of directors could invest the entire sum in a solo defined-benefit plan. The plans must be opened by Dec. 31 of each tax year.

Such plans aren't for everyone. Individuals who might earn a one-time increase in income in a year wouldn't benefit. For the IRS to be comfortable, you really have to be someone who can contribute to the plan for a minimum of two years. If you would like to learn more about these plans please contact me.

As a way to introduce you to the quality of service I provide, I am offering a free in-depth analysis of your complete stock portfolio through 10/31/11. I will provide a detailed analysis of each holding in your portfolio with recommended actions; this is not a computer-generated report. Take advantage of this offer today by clicking on the link below:

Portfolio Review Offer