Cash balance plan

Yes.

If you put 300,000 into the cash balance plan, the IRS is gonna say, "No, you didn't make 800.

You made 500." So now your tax bill goes from .4 times 800, which is $320,000, to .4 times 500, which is 200,000.

It's $120,000 immediately not going to Uncle Sam.

We're seeing that degrade the, the, the, the, the tenure of the workforce.

Mm.

And so what's so cool about, about, about what we're doing with small business owners is they can settle into their business for a little bit longer because when you build a cash balance plan the right way, when you build it with, with risk transferred assets, when you build it with insurance and annuities, the preferred method, 'cause I want you to take risk in your 401k, I want you to take risk in your business, I want you to take risk with your other assets.

You need some high ground money.

And the whole goal of financial planning is for you to figure out, like, when should I be using the deferred comp plan and when should I not be using the deferred comp plan? So you've got those.

There's different and separate from your 401k or the market-based cash balance plans.

Let's move on.

Let's talk about another account type here, which is the market-based cash balance plan.

As I mentioned before, United's market-based cash balance plan is not yet approved.

So we'll discuss that when it is approved.

And the thing with these market-based cash balance plans, there was a lot of stink about this too.

It's like, oh, you know, they're going to be invested so conservatively.