too young for cash balance?

[finalpsychyear]

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Does it make sense for a younger doc lets for example say 35 years old to do this who is a solo practice doc with no employees if you are looking at 3-4 years of doing this? Any idea what the costs would be on average to start this and yearly after?

 

[Hercules]

Could definitely be beneficial. It will usually cost a couple thousand to get the plan in place and then some ongoing fees. If you’re comfortable doing it, you can self direct the investments but you will still need a third party making sure it passes all the rules for your contributions.

 

[deleted126335]

lots of variation, but these things tend to only really work well if you are confident of your employment situation and ability to fund for a long term.