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Cash Balance Plans: A Tax & Retirement Strategy for High-Income Owners

CASH BALANCE PLANS: A TAX & RETIREMENT STRATEGY FOR HIGH-INCOME OWNERS

Cost Free
Presentation Length 1.0 hour

Recorded DateSeptember 10, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelIntermediate
Course Description

This comprehensive course offers an in-depth exploration of Cash Balance Plans for accounting professionals. Explore the key features, benefits, and regulatory requirements of these plans, and learn effective implementation strategies to maximize retirement savings and tax deductions for high-income owners. Real-world case studies and practical examples will provide the knowledge needed to navigate plan design, compliance, and funding strategies. By the end of this course, you will be prepared to counsel clients on the suitability of Cash Balance Plans and their role in enhancing financial planning strategies.

Learning Objectives:


  • Recognize the tax and retirement savings benefits that Cash Balance Plans offer high-income owners

  • Determine how accounting professionals utilize Cash Balance Plans to increase their monthly recurring revenue

  • Identify which clients are best suited for a Cash Balance Plan

  • Evaluate how Cash Balance Plans can maximize benefits to owners while minimizing costs to employees

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Larry Blades

Oakwood Summit
Co-Founder
[email protected]
(210) 386-5409

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Larry R. Blades, started his career in the US Air Force, retiring as a Lieutenant Colonel. He was a pilot, instructor pilot, and operational test pilot. As the test manager and lead instructor test pilot, he managed testing on a $5 Billion dollar acquisition of a new aircraft trainer.

Upon his 30-year retirement from the US Air Force, Larry decided to work in the field of financial planning, helping people learn about their insurance and finances. He became a licensed insurance agent and Investment Advisor Representative (IAR) and created his own Registered Investment Advisory Firm. He held investment license series 6 and currently holds series 63 and 65.

During the past 20 years as a financial advisor and an IAR, Larry has helped over 500 families secure their financial future. He has managed between $25 Million and $30 Million dollars of their money helping them to make investments that match their risk tolerances and goals.  

Larry has always worked as a fiduciary, believing that everyone deserves to have their money professionally handled without having to worry about trusting someone else. Larry espouses the belief that financial professionals have a legal, ethical, and moral obligation to their clients in properly advising and handling their money.  

Larry’s expertise falls in many areas of financial management. In the area of financial planning, Larry received 3 years of specialized training learning how to best help someone planning to meet their goals and objectives. He specializes in helping people approaching retirement and in retirement to properly manage their money without taking undo risks. He strives to ensure his clients never outlive their money.  

In recent years, he has taken an interest in helping people pay the minimum taxes they actually owe and then use the money saved to improve their retirement. Larry works with a dedicated group of people who are experts in tax reduction, including specialized CPAs, tax attorneys, estate attorneys, actuaries, CFPs, and CFAs.  

Larry is a qualified consultant of a little-known retirement plan that can be used by all businesses and self-employed individuals. This plan provides the highest tax reduction of any popular retirement plan. This plan primarily benefits the owners and principles of companies, allowing them to “catch up” on their retirement savings. In some cases, companies make tax-deductible contributions of more than $400,000 per person per year.  

His overall skills in helping clients make financial decisions are regularly sought by individuals and businesses needing assistance. Larry taught financial planning, investments, social security, retirement, and tax planning courses at a local university.  

He and his wife of 47 years have two married children and six grandchildren.

About Our Presenter

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Oakwood Summit offers defined benefit plan consulting for privately held businesses. Our plan designs integrate with a businesses existing 401k, which allows high income owners to receive an additional six figures in annual tax deductions and an additional seven figures in retirement savings within 5 to 10 years. At retirement, plan assets can be converted into a perpetual retirement income stream to replace an owner’s wages.