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 the profits of their business regardless of what they do with the Company’s money.  To build a source of retirement income that grows tax-deferred and could… Read more »

Top 2017 Compensation Questions To Ask

It’s no secret that the new administration has very different governance practices and priorities.  Congress and CEO Pay Ratio regulations are being examined and the SEC has opened the topics for discussion.  Change is here and boards will likely encounter unforeseen challenges during the transition.  This begs the question: How can boards prepare their organization… 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 said their top priority is a large tax cut. House Speaker, Paul Ryan, and Ways and Means Committee Chairman, Kevin Brady, have prepared a detailed… Read more »

WEBINAR: Worried about losing future leaders? (9.28.16)

Missed our Webinar ? Have no fear, you can watch it now!   TOPIC: Worried about losing your future leaders? Traditional deferred compensation plans do not always work for your younger rising stars. It’s no secret that today’s rising talent prefer more immediate cash reward than additional retirement benefits. What else can you do other than… Read more »

Multiple Uses of Deferred Compensation Plans

With the improving economy, key employees that had been limited in other employment opportunities and resistant to look for new jobs are now willing to explore possible employment changes. Employers need well designed incentives to recruit and retain key employees.   Key executive deferred compensation programs are popular vehicles to motivate, incent, and retain key… Read more »

Dodd-Frank Act & Executive Compensation

The Dodd-Frank Act directly impacts compensation provisions of the law and has adopted the Securities and Exchange Commission (SEC) rules.  Shareholder votes on executive compensation (Section 951) and independence of compensation committees (Section 952) have been affected. There’s been consistent movement in finalizing this Act; however, some of the rules are still in the process of… Read more »

409A Deferred Compensation & 457 Regulations (Government & Tax-Exempt)

409A Deferred Compensation & 457 Regulations    The IRS recently proposed regulations for Section 409A for nonqualified deferred compensation plans and 457(f) regulations for deferred compensation plans of state and local governments and tax-exempt entities.   Section 409A of the Internal Revenue Code is a set of rules that govern nonqualified deferred compensation plans. The… 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 compensation must be made, but also how and when it is paid to the participant. Nonqualified plans are the bedrock of many companies’ executive compensation… 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 modern-day employees per their individual preferences.  Professor Dow Scott, a Loyola University Chicago HR Professor, along with other worldwide university faculties led a study that… Read more »

How Executives Minimize the Retirement Tax Hit – Plan Ahead

Nikki Kook – Marketing and New Business Make a plan for your large retirement payouts, such as stock awards and deferred compensation, at least one to two years before leaving. In addition, take inventory of short-term cash flow needs in retirement, such as health and insurance needs and exercised stock-option taxes. Lastly, always review the… Read more »