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Kiplinger
Kiplinger
Business
Megan Clark, Investment Adviser Representative

Could a Cash Balance Plan Be Your Key to a Wealthy Retirement?

Kiplinger Linda IRS
(Image credit: Getty Images)

For many successful business owners, there comes a point when traditional retirement plans just don't move the needle anymore.

If you're hoping to further reduce your taxable income and accelerate your retirement savings — and you're already maximizing your 401(k) and profit-sharing contributions — a cash balance plan might be the solution you've been looking for.

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