Start a
New Plan
Smart tax savings for business owners. It’s like getting a match from the government.
Start a
Customized Plan Design. Tax Efficiency. Retirement Security.
If you’re a successful business owner looking to start a retirement plan, chances are you’re doing it for one (or more) of three reasons:
- You want to reduce your tax liability
- You want to build long-term wealth
- You want to offer benefits that attract and retain employees
At Mirador, we don’t sell pre-packaged solutions. We build custom retirement plans that align with your business structure, income profile, and future goals. Whether you’re self-employed, run a closely held business, or manage a growing team, we start with a clean slate and design a plan that works for you.
“Most owners come to us thinking they’ve already hit their contribution limit. They haven’t. The right plan design can unlock significantly more.” – Mike Bourne
Example: High Earning Doctor
Bob is a doctor earning $750K annually in a shockingly high tax bracket. He has 2 employees and wants to take care of them while also getting his tax bracket back down to a reasonable level. Here’s what we did:
- Set up a plan where Bob puts $200K into a DB Cash balance plan with benefits for his employees.
- This reduces his tax bracket from 40% to 25%
- Bob now pays $50k in taxes instead of $250K
It was just a question of giving that money to myself and my team or to the government… it was kind of a no-brainer.
Example: Seasonal Cash Flow
Jim wanted to reward long-term employees and start building serious retirement savings for ownership, but seasonal income made fixed contributions hard to stomach. Here’s what we did:
- Set up a Safe Harbor 401(k) with Profit Sharing. In year one, they contributed $124K total:
- $66K for ownership deferral + match
- +-$58K in staff benefits
- $48K in tax savings
The Safe Harbor feature kept things compliant with minimal testing, and the Profit Sharing gave them control to adjust contributions.
What We Build
Every business is different, so are the plans we design. Whether you need a Defined Benefit Plan for large contributions and predictable retirement income, a Cash Balance Plan for DB structure with 401(k)-style visibility, a 401(k) with Profit Sharing for flexibility and employee benefits, or a Combined DB + DC strategy to maximize tax savings and pass IRS testing, we’ll walk you through your options and show you what’s possible.
How We Work
We should talk. Getting started means understanding you. So we start with a conversation & then run an analysis that shows how much you could contribute, deduct, and save. From there, we:
“Plan design is not one-size-fits-all. We build each plan around the owner’s real goals, whether that’s retirement income, tax strategy, or legacy planning.”
– Mike Bourne
When is the Right Time To Start a New Plan?
The best time to start is now.
If you’ve had a strong income year, there’s still time to implement a plan that shelters a meaningful portion of your earnings from taxes. Even if your cash flow varies from year to year, we can design a plan that adjusts with your business.
Let’s build your plan.
Starting a retirement plan requires planning, thoughtfulness, and strategy. Let Mirador show you what’s possible with smart plan design, aligned to your business and your life.