Should Solopreneurs Add a Cash Balance Plan?

If you’ve been maxing out your Solo 401(k) and still feel your tax bill looks like it’s on steroids, there’s another tool you might not have considered: the Cash Balance Plan.

It’s not exactly a household name — even among financial pros — but for the right business owner, it can be one of the most powerful ways to save more for retirement while trimming down what you owe Uncle Sam.