While your practice is likely sponsoring a retirement plan, chances are you’re not receiving the maximum benefit from it. Operating the wrong type of plan, or the right plan with the wrong design, can result in inadequate contributions for you and your family—and excessive contributions for your staff. Below we discuss how to circumvent these problems and save thousands.

While Congress is hotly debating spending up to $4.5 trillion on “infrastructure,” one thing is certain: paying for this record spending will require much higher taxes in the future. While 61% of Americans currently pay no federal income taxes, the 39% that do will see increases, targeted at high income...