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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

…more than $150,000 annually to a Cash Balance plan. A 60-year-old can contribute more than $260,000. The actual amount depends on your income and age. You can also pair a Cash Balance plan with a traditional 401(k) to reward key executives and provide even more…

Cash Balance 101

It’s the time of year when your clients may be looking for opportunities for greater tax deductions. A cash balance plan could be the answer – but – how do you know if your client is the right fit for this solution? How do you…

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…