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Defined Benefit Plans

A defined benefit plan promises a plan participant a specific monthly benefit at retirement and may state this as an exact dollar amount. Monthly benefits could also be calculated through a formula that considers a participant’s salary and service. For a select group of business owners, particularly older business owners with high salaries, this plan allows for the ultimate in tax-deductible contributions. Depending on circumstances, your client may be able to contribute in excess of $170,000 per year in such a plan.

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For more information, call 888-645-4121 or email

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Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Guaranteed by any Government Agency Not a Bank Deposit

Securities and Investment Advisory products are provided by UVEST Financial Services, Member FINRA, SIPC and a SEC Registered Investment Advisor. UVEST and Citizens Wealth Management are independent entities.

 

 
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