Owner-only Defined Benefit

Working for yourself brings a lot of flexibility – and a lot of work. At Edward Jones, we understand the importance of running a business today and saving for retirement tomorrow. 

The Edward Jones Owner DB® is designed for business owners like you – with no employees other than your spouse – who want to significantly increase or even maximize your retirement contributions. Your annual contributions may significantly exceed the $53,000 to $59,000 maximum that's typical of other types of retirement plans.

Considerations

Consider an Edward Jones Owner DB® if you:

  • Want to contribute more than $53,000 or 25% of your compensation 
  • Are at least 40 years old 
  • Have relatively stable income, typically over $100,000 annually

Contribution features

  • Contributions are tax-deductible, and earnings are tax-deferred until you withdraw money. 
  • You can contribute more than $53,000 or 25% of your compensation and deduct that from your taxes. 
  • You (and your spouse) may make additional salary deferral contributions for 2016 of up to $18,000 ($24,000 if you are age 50 or older). 
  • The additional salary deferrals can be pretax, after-tax or a combination of the two. 
  • You have to contribute for at least three years, but if business conditions change, you can put in more or less each year, as needed.

Deadlines

You must establish your plan by the end of your business year (Dec. 31 if a calendar year) in the year you will make contributions.

How we can help

Explore the Edward Jones Owner DB® if you and your spouse are your business' only employees – and if you make more than $100,000 annually. Start by talking with your financial advisor and find the strategy that can work for you.

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