At the foundation of the proposal is a defined benefit pension plan and its special provisions that are unique to the Benefit Focused Plan, which addresses income tax, retirement security, and estate planning results. The overall plan has many elements and not all of them can be taken into account in this discussion. Be mindful that there are many factors that could cause the actual numbers of an implemented plan to vary from those estimated. The estimates are formulated to give you a better insight into the concept and workings of the plan. Here’s a quick comparison at the macro level. Income tax savings1 – As much as $2,245,280 between plan adoption and normal retirement age. This savings could be as high as $4,244,574 if your spouse is a participant in the plan. Thus, the Plan is superbly suited to high-income people who seek tax relief. These numbers are significant and worth testing the plan for suitability. Retirement security – Up to $35,000 per month combined retirement (with spouse as participant) for you and your spouse as long as either party subsists. This unique strategy can offer substantial tax deductions and lifetime income. Estate Planning – A two-part strategy that bypasses   Read more…