Frequently
Asked Questions (F.A.Q.s)
Question
If this deal is so good, why haven't I heard of it before?
Answer
There are not many Enrolled
Actuaries around. Even fewer are familiar with the Keogh db
Pension Plan. Occasionally there are gaps in the relationships between
members of your professional service
team. Consequently, your accountant may not be acquainted with an
actuary who can advise you.
Question
Does your Enrolled Actuary
(EA) have a Keogh db Pension Plan?
Answer
No, we do not have one. Since db65.com started in 1999, we do not have
a history of SENE as yet. After three
(3) or four (4) years, we will be interested in creating one.
Question
Why bother me about this Keogh db Pension Plan now; I've done Ok up
until now without it?
Answer
No one knows what social security will look like in five (5) years. One
thing for sure is that you will need a certain amount of money to live
on when you retire. Involve your financial
planner, and let him/her study this website. There's no qualified
retirement plan that can potentially accumulate assets for you any faster.
You have worked hard and you deserve this plan to continue your lifestyle
after you stop working.
Question
What can Keoghs be used for?
Answer
To accumulate upwards of $1,000,000 for retirement - a nest egg for the
future, or an estate for your children or grandchildren. It is not for
buying a house or funding business expenses.
Question
What if I have more than one (1) business?
Answer
You can open a Keogh db pension plan for any/all of your businesses as
long as there is net income. Contributions and deductions to that plan
on behalf of the owner-employee can be based on the SENE
from the business that has the plan.
No private information shared with db65.com
will ever be passed to any other person or organization.
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