In this episode, join me with David Podell, a seasoned expert in defined benefit plans with over 20 years of experience.Discover the exciting side of defined benefit plans—a powerful tool for high net worth entrepreneurs. David, a preferred vendor in Tax Plan IQ, breaks down the complexities, making it accessible and valuable.Explore real-life cases showcasing substantial tax savings through customized plan designs. Learn about front-loading contributions, combination plans, and the potential for six-figure tax savings. David emphasizes simplicity, efficiency, and customization for optimal results.What you'll hear in this episode:[03:16] Discusses about Defined Benefit Plan[06:11] Age Considerations and Contribution Opportunities in Defined Benefit Plans.[09:42] Contributing to Defined Benefit Plans at Different Ages.[13:33] Cost in efficient Sale[18:48] Explanation of the 401(h) component within the plan.[28:00] Secure Act and Funding Opportunities[30:30] Books and ResourcesReady to supercharge your retirement planning and discover innovative tax strategies? Tune in now! Connect with David Podell on LinkedIn at https://www.linkedin.com/in/bbconsultants/Visit David Podell's Website https://businessbenefitsconsultants.com/Connect with Jackie on Instagram @jackiemCPACheck out more of Jackie’s work at https://www.jackiemeyercpa.com/