A cash benefit plan could be a good option for the owner of a profitable business to save for retirement in a smaller time window than normal.
Kim Cangelose, vice president of the Retirement Plans Department at Bank of Blue Valley, is the only professional in the Kansas City area officially designated as a cash benefit plan consultant. She said cash benefit plans offer employers a chance to put away $210,000 tax free, whereas a traditional defined-benefit plan like a 401(k) or 403(b) plan allows…
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