More Advisors Turn to Cash Balance Plans

recent article​ published by FinancialPlanning discusses ​​why advisors have been turning to cash balance plans, featuring data from the Kravitz 2017 Cash Balance Research Report​. ​Cash balance plans allow ​​workers more flexibility with their contributions, while decreasing their taxes. ​According to the Kravitz report, ​cash balance plans increased by 1,035% between 2001 and 2014 to 15,178 plans with assets of more than $1 trillion​.