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Who is a Good Candidate?
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The July SuccessDB plan has been developed for small businesses of 2 - 10 employees. Typical occupations are architect, attorney, doctor, consultant, dentist, manufacturer’s rep, mortgage broker, realtor, and small business owner.
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Examples
Small Business
Sam, age 56, and Joe, age 50, own a business that has eight other employees. Sam and Joe each make over $210,000 per year, and would like to retire at age 62. SuccessDB allows them to contribute and deduct $290,000 per year. Sam and Joe’s combined share of the total contribution is $245,000. Yet the after tax cost of the plan is only $174,000*.
Small Medical Practice
Sandra, age 52, has a medical practice with only one employee. Sandra makes over $210,000 per year, and she would like to retire at age 62 with a nest egg of about $2 million. SuccessDB allows Sandra to contribute and deduct a total of $150,000 per year, while accumulating a sum of $1.9 million. Sandra’s share of the yearly contribution is $145,000 – yet Sandra’s total after tax cost is only $90,000*.
* Assumes a 40% marginal tax rate.
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SuccessDB Candidate
Is a SuccessDB plan for you? Here are the attributes that provide for a good fit:
 Owner is age 45 or older Owner makes at least $100,000 per year Owner wishes to contribute more than $42,000 Business expects steady future earnings Employees are typically younger and lower paid than the owner(s) Small businesses with 2 - 10 employees
SoloDB PLANS
We offer a special defined benefit program for owner-only businesses called SoloDB. Click below to learn more about how this can benefit you.
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