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How Does A Cash Balance Plan Work?

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…

Cash Balance

into a retirement account, a cash balance plan may be the right choice since it offers the opportunity to contribute six figures to their retirement account each year. Cash balance plans can help high income earners build substantial retirement savings in a relatively short amount…

The End is Near!..or is it? -Part Two

…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 a…

PENTalk™ – A Tax Advantaged Approach For Your Clients

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…

Thinking of Rolling an Old 401(k) Balance to an IRA? Not so Fast!

…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…

Thinking of Taking a Loan from Your 401(k)? Not So Fast!

…401(k) plan (permitted if your balance is more than $5,000) Roll the balance directly into a rollover IRA Roll the balance directly into your new employer’s 401(k) plan Never simply take a distribution and pay taxes — and maybe a penalty — on the distribution.As…

Auto-Portability: A Way to Address 401(k) Leakage

…upon employment termination.” The impact of auto-portability was particularly impressive among the lowest income quartile, “given their lower account balances and the negative correlation between account balances and cashout activity,” VanDerhei wrote. He went on to note that auto-portability’s results were “dramatic for males in…

Aligning Plan Design with Client Goals

…They can have modest limits on contributions or can go up to multiple six figures in DB and cash balance plans. The key driver here is that unless a client is simply focused on the least expensive way to offer any sort of “retirement benefit,”…