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What’s on our mind? You can read about it in our blog. Whether it’s ideas from the industry or emerging trends, you can read about it here. And once in a while, we may throw in a movie review or some other surprise. So keep checking in. We’re glad to have you reading along.

 

Monday, February 17, 2020

Advantages of cash balance plans The plan offers guaranteed pension benefits for employees This is the key similarity between cash balance plans and traditional pension plans. Each participant ultimately receives a dollar amount...

 

Monday, February 10, 2020

Tax benefits of cash balance plans Tax considerations for employees When you contribute to a cash balance plan on behalf of your participating employees, those employer contributions are not currently included in the employees' taxable...

 

Monday, February 3, 2020

How does it work? Hypothetical accounts Each participant in a cash balance plan has a hypothetical individual account or "cash balance" established for record-keeping purposes. With these hypothetical accounts, participants can easily...

 

Wednesday, January 15, 2020

What is a cash balance plan? A cash balance plan is a qualified employer-sponsored retirement plan that has become increasingly common in recent years as an alternative to (or replacement of) the traditional defined benefit pension...

 

Wednesday, January 8, 2020

The Fundamentals of Disability Insurance Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Most disability policies pay you a benefit that replaces a percentage of your earned...

 

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Thursday, December 19, 2019

Do I need disability income insurance? Although most of us are aware of the need for health insurance coverage when determining our risk management needs, many of us fail to consider the possibility that we could become disabled. A...

 

Thursday, December 12, 2019

Questions & Answers Which employees do you have to include in your new comparability plan? In general, to be "qualified" (i.e., tax exempt), a plan must meet employee coverage tests that demonstrate that the plan does not discriminate...

 

Wednesday, December 4, 2019

When can it be used? Generally, any employer is eligible to set up a new comparability plan While just about any employer can set up a new comparability plan, it is most suitable for businesses with owners and principals who: Want the...

 

Friday, November 22, 2019

What is it? In general A new comparability plan is a qualified profit-sharing plan that can have more substantial contributions for favored employees (usually higher-paid workers and key employees). With this type of plan,...

 

Monday, November 18, 2019

When can it be used? You anticipate the need for long-term care, you wish to protect your assets for your loved ones, and you can afford to pay the premiums. When buying an LTCI policy, you must consider not only whether you can afford...

 

Monday, November 11, 2019

Avoiding penalties is a crucial piece of wealth management. Long-Term Care Insurance (LTCI) is no exception. One of the advantages of LTCI is the ability to leave a legacy to loved ones after entering a nursing home, but let’s...

 

Friday, October 25, 2019

Long-Term Care Insurance (LTCI) can be an asset when used as a protection planning tool. As with any wealth management or retirement planning tool, it is important to weight the strengths and tradeoffs to decide if it is the right fit...

 

Thursday, October 3, 2019

Long-Term Care Insurance (LTCI) can be a great addition to your overall asset protection strategy under the right circumstances. Below we define LTCI and how to use it as a retirement planning tool. What is it? Long-term care insurance...

 

Monday, September 16, 2019

Fall clean-up: it’s time to check the honey and your money I am a beekeeper. I started my apiary earlier this year with two hives, and I am hoping that one day I will be able to share honey with my friends and family while I...

 

Tuesday, August 20, 2019

How Teaching my Daughter to Ride Her Bicycle Completely Changed my Perspective on Investing This is a photograph of me with my daughter Deborah about ten years ago starting the MS Bike Tour in New York. It was one of many rides we...