Steve Sansone

Steve Sansone, a retirement plan specialist, dives into the intricacies of cash balance plans—hybrid defined benefit arrangements that appeal to high-income business owners. He explains how these plans allow for significant tax-optimized contributions and discusses who they’re designed for, emphasizing the importance of demographics. The conversation also tackles the trade-offs, potential pitfalls, and the essential commitment requirements, making it clear these plans aren't one-size-fits-all solutions but can offer substantial benefits when implemented correctly.