The Purpose of Succession Planning As the Senior Leadership teams in the business industry approach retirement, creating and developing the company’s succession plan is critical. Along with creating a succession… Read more »
Using Life Insurance to Supplement Retirement Income
Reasons for Life Insurance When it comes to putting aside funds for a Business Owner’s retirement, the options beyond qualified plans are limited. Owners of pass through entities are taxed on… Read more »
Download our latest Webinar – Bank Succession Planning PT 1
As Senior Leadership teams in the banking industry approach retirement, developing the bank’s succession plan is critical. Equally as important is retirement planning, estate planning & key employee retention. In… Read more »
Tax Reform Faces an Uphill Challenge
Many Americans are eager to enjoy the across the board tax rate cuts that President Trump promised so frequently during the election. There are numerous Republican law makers that have… Read more »
Retirement Security Concerns Rise Post-Election
I recently attended The American College of Financial Services Board meeting where there was much discussion on the need for retirement income planning in today’s society. As President Donald Trump begins… Read more »
Short-Term Deferral Rule & Section 409A Regulation
Section 409A of the Internal Revenue Code is a set of rules that govern Nonqualified Deferred Compensation Plans. It includes rules that detail when the election to defer… Read more »
Succession Planning In A Family Business
Recently, I attended a speech related to business succession planning in family-owned businesses. The speakers included a panel of three majority shareholders of family-owned businesses, one of which was working… Read more »
Pension Plan Funded Status
An article in CFO Magazine outlines the status of pension plans in Fortune 1000 companies. By the end of 2015, there was not a change in the pension plan funded status of the U.S. corporate… Read more »
Compensation Preferences
Article from Lappley & Associates, Ltd. E-Newsletter The study outlined in this article, defines diversity in the workplace and gives insight into compensation incentives that will attract, retain, motivate and engage… Read more »
PATH Tax Act Extends Breaks for Individuals & Businesses
At the end of 2015, Congress passed a bipartisan act called the “Protecting Americans from Tax Hikes Act of 2015” (PATH Act). The bill extends some tax breaks for individuals… Read more »