401k Not Enough? Why High-Earning 1099 Physicians Are Adding a Cash Balance Plan

How 1099 Physicians Can Potentially Save $100K+/Year in Tax-Advantaged Retirement Plans (Solo 401k + Cash Balance Plan) Most 1099 physicians are leaving serious money on the table with their retirement strategy. In this video, I break down how the right setup, entity structure, payroll, and plan design can unlock $100K+ in annual tax-advantaged contributions, and who it actually makes sense for. The CPA's Guide to Being a 1099 Physician https://stephenleecpa.com/cpas-guide-... Book an appointment - https://stephenleecpa.com/book-appoin... 🔔 Subscribe for more tips and strategies tailored for business owners and high earning professionals. On this channel, Stephen Lee shares proven strategies to help high earners, business owners, and professionals keep more of what they make, minimize taxes, and build lasting wealth. Whether you’re optimizing your S-Corp, investing smarter, or managing 1099 income, this channel gives you the tools to make confident money moves — backed by real client experience. Subscribe for smart, actionable advice — and take control of your financial future. The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk. 00:00 Beyond Basic Advice 01:43 Tax Free Explained 03:07 Contribution Limits Overview 03:48 Solo 401 Basics 05:12 Cash Balance Plans 06:52 Dr Kim Example 09:26 Why It Goes Wrong 11:31 Best Fit And Red Flags 13:24 Order Of Operations 14:21 Common Mistakes 16:04 Wrap Up And Next Steps