Cash Balance Plans: Maximizing Client Tax Savings with David Podell

Just in time for tax season, Tom and Adam, chat with David Podell, Founder of Business Benefit Consultants, and deep dive into tax savings and retirement planning for business owners. They discuss defined benefit plans, cash balance plans, and the advantages of profit sharing and 401(k) components. David emphasizes the importance of maximizing contributions to reduce taxes and increase retirement savings, even in the context of mergers and acquisitions. They also discuss the intricacies of plan setup, the need for expert collaboration, and the conservative management of assets within these plans.