A theory on the growth of cash balance plan since COVID.

The product is exploding due to the rise of the solopreneur.

COVID hits in 2020 and work at home becomes a thing.

Employees discover a side gig or a way to earn money on their own.

This is amplified when everyone is called back to the office and no one wants to go back.

The side gig grows into a full time job.

Adios to the 9-5.

Success follows and some are now solopreneurs and others have hired employees.

5 years post COVID and these businesses are thriving and paying a lot in taxes.

Enter the cash balance plan.

Large contributions with the ability to expense from business income.

The businesses are at their prime for this type of plan.

Provides an extremely efficient way to move business income to a "personal pension" avoiding the tax burden.

Your successful business owner clients must consider the plan.

If it doesn't work today, it will in the near future.

DM me if you'd like an illustration --> @drewtirney