Retirement Planning

Protecting your financial future


Whether you are a sole proprietor, a partnership, an LLC or LLP, a non-profit or taxable corporation, there are several types of qualified retirement plans that can meet your veterinary practice needs. A retirement plan can serve many purposes, from tax sheltering income to attracting and retaining employees.

Our expertise in a wide variety of areas allows us to consult on all aspects of a retirement plan. We can assist you with adding value to the structure and design of a plan to helping  avoid some of the common pitfalls of fiduciary exposure.

Our experienced professionals provide successful plan design, documentation, administration, and investment management of your practice’s retirement plan. Our continuum of services and solutions are customized based on factors such as funded ratio, existing and projected liabilities, investment beliefs and constraints, and broader long-term objectives.

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Defined Benefit & Cash Balance Plan Solutions For Business Owners and Partners

Many business owners and partners are seeking ways to increase their tax deductions as well as accelerate their retirement savings. A defined benefit plan may be the solution to achieve both objectives.

What is a defined benefit plan?

A defined benefit plan is a qualified plan promising a specific benefit at retirement. For plans designed for business owners and partners, the benefit at retirement is usually a lump sum rolled into an IRA (as opposed to monthly installments usually associated with pension plans). The employer is responsible for contributing enough funds to the plan to pay the promised benefits regardless of profits and earnings. The annual contribution amounts are actuarially determined and are based on a variety of factors (i.e., future pay increases, past investment performance, years until retirement, and life expectancy after retirement). Employer contributions to fund the promised benefits are mandatory.


Key executives may be able to accelerate their retirement savings. Larger contributions must be made on behalf of older participants because older participants have less working years until retirement. This can benefit key executives, who are often times older than the other participants in the plan.

While owners or partners are able to fund their retirements through the defined benefit or cash balance plan, the business will receive a tax deduction for amounts contributed to the plan.

There are many considerations in selecting the most appropriate retirement plan for you and your practice. Our professionals are here to evaluate all of the options and discuss a plan that meets your long term objectives.