Defined benefit plans, otherwise known as "pension" plans, are ideal saving and planning vehicles for taxpayers consistently earning in excess of $200,000 per year (net of expenses) through a closely-held small business. -------------------------- Previously, in "Retirement planning through payroll" (Oct 13 2016), I broadly introduced the two major models of defined contribution retirement plans (IRA-based plans and 401(k)-based plans). In this update I will discuss the mega