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March 4, 2024

Published by BBC on March 6, 2024

Cash Balance Plans: Maximizing Client Tax Savings with David Podell

Welcome to our latest blog post, where we delve into the invaluable insights shared by David Podell, the Founder of Business Benefit Consultants, in a recent episode of “The Modern CPA Success Show.” Hosted by Tom Wadelton and Adam Hale, this episode, titled “Cash Balance Plans: Maximizing Client Tax Savings with David Podell,” offers a deep dive into the strategic world of tax savings and retirement planning for business owners.

Understanding Cash Balance Plans: Discover how cash balance plans can serve as a powerful tool for tax savings and retirement planning.
Defined Benefit Plans: Learn about the structure and benefits of defined benefit plans for businesses and their owners.
Strategic Planning: Gain insights into the integration of profit sharing and 401(k) components to enhance retirement plans.

David Podell brings to light the significance of cash balance plans as a means to optimize tax savings for business owners. Throughout the episode, he underscores the importance of tailored retirement planning, which includes the strategic use of defined benefit plans and the thoughtful integration of profit sharing and 401(k) schemes.

For business owners seeking ways to reduce their tax liabilities while planning for a prosperous retirement, this episode is packed with actionable strategies and expert advice.