…CASH BALANCE PLAN INSTEAD OF A TRADITIONAL DEFINED BENEFIT PLAN? Cash balance plans have proven to be an attractive alternative to traditional defined benefit plans for several key reasons. By converting a defined benefit plan to a cash balance plan, the employer avoids the need…
Part of our training series for financial advisors, this webinar will provide information on Cash Balance plans and who are good candidates for this type of defined benefit plan.
…account balance, which equals the lump sum value of their benefits under the plan. Statements include a beginning-of-year account balance, earnings for the year, the employer contributions and an end-of-year balance. As in a defined contribution plan, cash balance benefits can be distributed as a…
…the most valued employees gains greater significance as employers navigate the challenges of the COVID-19 pandemic crisis. That’s why now is the best time to start — or expand — your Cash Balance Plan business. *Disclaimer: This recording is not eligible for Continuing Education Credits….
…more than $150,000 annually to a Cash Balance plan. A 60-year-old can contribute more than $260,000. The actual amount depends on your income and age. You can also pair a Cash Balance plan with a traditional 401(k) to reward key executives and provide even more…
It’s the time of year when your clients may be looking for opportunities for greater tax deductions. A cash balance plan could be the answer – but – how do you know if your client is the right fit for this solution? How do you…
…Income Statement, rigidly defined and almost impossible to stretch. Free Cash Flow, while still an accounting derivative, is reconciled on the Cash Flow statement, and must tie to cash – again, harder to manipulate for cosmetic appearances. So what are these measures telling us? On…
“It’s the time of year when your clients may be looking for opportunities for greater tax deductions. A cash balance plan could be the answer – but – how do you know if your client is the right fit for this solution? We’ll share insights…
…employee pension (SEP) plans have historically followed the above schedule; and special set-up rules apply for safe harbor 401(k) plans.] Establishing a plan retroactively can be particularly appealing if the business owner establishes a defined benefit plan, such as a cash balance plan. Cash balance…
…participant Death benefit and cash value remain, no taxation Exchange – offered by some insurance companies Policy may be surrendered in the plan leaving the cash value in the plan to be rolled to an IRA or distributed as cash A new contract is issued…
…deeper dive into the world of cash balance. This webinar will include a brief overview of a case study illustrating how a cash balance plan works, followed by an exploration of consultative strategies to assist you in preparing and presenting a cash balance plan to…
…with those savings when moving to a new job? The quick, and perhaps most obvious, answer is to simply roll your old 401(k) balance into your new 401(k) – what’s known as a trustee-to-trustee transfer, where the retirement savings sum remains tax-deferred without interruption. In…