A Cash Balance Plan allows you to put away larger amounts than a traditional defined contribution retirement plan. In this episode, Larry Heller, CFP®, is joined by David Yackel from Pension Review Services to talk about all things cash balance planning.

David discusses: 

• How a cash balance plans differ from your traditional defined contribution retirement accounts
  
• Why a cash balance plan is beneficial if you are looking to save large amounts pre-tax
  
• Who is a good candidate for a Cash Balance Plan
  
• How you can take advantage of a retroactive cash balance plan for 2022
  
• And more
  

Connect With David Yackel:

• LinkedIn: David Yackel
  
• Pension Review Services
  

Connect With Larry Heller:

• (631) 248-3600
  
• Schedule a 20-Minute Call
  
• Heller Wealth Management
  

About David Yackel:

David Yackel heads up the consulting practice for Pension Review Services. He is responsible for defined benefit plan actuarial valuations and is involved in many aspects of the firm’s Pension and Profit Sharing and Non-qualified Retirement Plan activities. Dave reviews plans for legal and technical actuarial compliance and, when necessary, designs new plans to meet clients’ needs, while providing insight into how their plans are performing and what variables will determine performance long-term. Dave’s expert analysis and recommendations allow clients to make intelligent, informed decisions that move them closer to their financial goals.

Prior to joining Pension Review Services, Dave worked at Chernoff Diamond & Co., LLC, where he served as the Chief Consulting Actuary for over 30 years. David also worked at Kwasha Lipton and William M. Mercer, where he provided actuarial and consulting services to a varied group of corporate employers.

Dave is active in the pension community and has presented before various Society of Actuaries groups and meetings.

Dave commented, “At Pension Review Services, I’m able to surround myself with a team of top notch professionals who keep me inspired and energized—attributes that ultimately benefit my clients as well.”