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too young for cash balance?

Discussion in 'Finance and Investment' started by finalpsychyear, Mar 7, 2019.

  1. finalpsychyear

    2+ Year Member

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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?
     
  2. Hercules

    Hercules Son of Zeus
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    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.
     
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  3. dr doze

    dr doze To be able to forget means to sanity
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    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.
     
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