DeSales Associates

DeSales Associates Actuarial firm specializing in designing, creating and supporting tax-qualified retirement plans thr

Here is our 2023 contribution table. As can be seen, the regulatory environment continues to remain very favorable for i...
11/19/2023

Here is our 2023 contribution table. As can be seen, the regulatory environment continues to remain very favorable for implementation of new tax-qualified retirement plans.

Please reach out to us to learn how you can implement a tax-qualified retirement plan, reduce your tax burden, and increase retirement savings.

All best,

Julius Smetona, F.S.A., E.A.
cell: (330) 242-5654
email: [email protected]
office: (216) 595-3940

11/19/2023

The regulatory environment remains very favorable for the establishment of new tax-qualified retirement plans. What seems to be different in 2023 is the growing concern among affluent individuals that they may outlive their retirement assets.

In the video, I discuss ways in which tax-qualified retirement plans can be used to hedge this risk.

Please reach out if you have any questions and enjoy!

All best,

Julius Smetona, F.S.A., E.A.
cell: (330) 242-5654
email: [email protected]
office: (216) 595-3940

12/05/2022

Here is my year-end tax reduction and retirement income analysis.
Enjoy!

Best,

Julius Smetona, F.S.A., E.A.

09/26/2022

I will be hosting an event in Sandpoint, Idaho, on Tuesday, October 25, 2022, at 12:00 noon:

Reducing Taxes and Increasing Retirement Income:
A Tax-Qualified Retirement Plan Workshop

The workshop will take place at the Sandpoint Center, Community Room -- First Floor, 414 Church Street, Sandpoint, Idaho 83864.

Refreshments will be served and admission is free but space is limited. Reservations are strongly suggested. To reserve your place now, register at our website: www.desalesassociates.com.

For more information, call (216) 595-3940 or send an email to [email protected].

Julius Smetona, F.S.A., E.A.

There is good news for 2022! Once again, as our chart below illustrates by age, contributions that can be made for 2022 ...
09/26/2022

There is good news for 2022! Once again, as our chart below illustrates by age, contributions that can be made for 2022 to tax-qualified retirement plans increased significantly over the prior year. Why? Lower interest rates in force for 2022 and higher maximum benefit limits reflecting CPI adjustment for the first time in several years.

IRS Code Section 199A continues to allow sponsors of tax-qualified retirement plans to potentially capture an additional 20% federal tax deduction in 2022.

Please call (216) 595-3940 to learn more -- we would love to hear from you!

Julius Smetona, F.S.A., E.A.

11/21/2021

I am delighted to share with you my 2021 year-end tax-qualified retirement plan analysis. Contribution amounts for 2021 increased significantly due to historically low interest rates. Positive regulatory trends will continue for 2022 as the I.R.S. boosted benefit and contribution limits substantially.

Please call (216) 595-3940 if you have any questions.

Enjoy!

Cordially,

Julius Smetona, F.S.A., E.A.

Below is our chart, updated for 2021, illustrating contributions that can be made to tax-qualified retirement plans by a...
11/20/2021

Below is our chart, updated for 2021, illustrating contributions that can be made to tax-qualified retirement plans by age. Note that amounts increased substantially over 2020 on account of low interest rates.

IRS Code Section 199A remains in force and allows sponsors of tax-qualified retirement plans to potentially capture an additional 20% federal tax deduction.

Please call (216) 595-3940 if you would like to learn more.

Julius Smetona, F.S.A., E.A.

11/12/2020

Here is my year-end analysis of the tax-qualfiied retirement plan domain for 2020. The opportunities to reduce taxable income and enhance retirement savings are stronger than in the past.

Julius Smetona, F.S.A., E.A.

Here is the updated tax-qualified retirement plan contribution table for 2020. Note that under the SECURE Act, the age a...
11/12/2020

Here is the updated tax-qualified retirement plan contribution table for 2020. Note that under the SECURE Act, the age at which minimum required distributions must commence was increased from 70-1/2 to 72. Also, the time by which employers must adopt plans was extended from the end of the year in which a plan is effective to the extended tax return due date for the year in which a plan is effective. Thus, for plans effective in 2020, the adoption due date was extended from December 31, 2020, to September 15, 2021.

Julius Smetona, F.S.A., E.A.

11/06/2018

See my video on Section 199A of the Internal Revenue Code which is effective in 2018. I also discuss the relationship of Section 199A to tax-qualified retirement plans.

11/06/2018

I discuss the interaction between Internal Revenue Code Section 199A and tax-qualified retirement plans and suggest tax reduction and retirement enhancement strategies for businesses that are "SSTBs" (Specialized Service Trade or Business).

10/16/2018

Important Update: Year-End Tax Reduction Strategies

Getting killed by taxes? It hurts, doesn't it, but we can help!

We illustrate potential tax-deductible contributions to defined benefit and defined contribution plans that a small business owner can make in 2018.
http://www.desalesassociates.com/index.html

If you would like to know how much you can contribute and deduct in 2018, then:

1. Click on the link below to download our data collection spreadsheet: http://www.desalesassociates.com/Data_Request_for_Tax_Qualified_Retirement_Plan_Analysis.xls

2. Enter as much information as you have readily available – estimates are fine – and return the completed spreadsheet via email to our actuary, Julius Smetona, F.S.A., E.A. at [email protected]

We will then let you know how much you can contribute and deduct in 2018. There is no charge for our initial analysis.

To find out more, call DeSales Associates toll free at (888) 595-3940 and ask for Julius Smetona.

Address

Beachwood, OH
44122

Telephone

+12165953940

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