Nonqualified Defined Benefit and Defined Contribution Plans
Due to the restrictions on qualified plans, especially for higher compensated executives, employers are increasingly turning to nonqualified plans to recruit, retain, reward and retire key employees. These plans fall under the descriptions and rules provided in Internal Revenue Code §409A and include popular plan types such as traditional, nonqualified deferred compensation (NQCD) and Supplemental […]
Life Insurance is the Misunderstood Underdog
Roth IRAs are attractive savings vehicles. After tax money placed into a Roth IRA grows tax-free and then can be taken out tax-free. It would be a tremendous benefit for a Roth IRA owner to put as much money as possible into the product. Unfortunately, this is not possible because a Roth IRA is considered […]