Owner Goal Employees (Non-Owner) Plan Type Requirements Advantages Older Than Employees Maximize Contributions, Deductions & Benefits 0-4 Fully Insured Defined Benefit Plan, also known as a 412(e)(3) Plan Steady Profits: Business generates enough income to support ongoing plan contributions,. Plan funding required each year. Highest Possible Contribution, Deduction & Benefits. All Plan Assets HeldContinue reading “Type of Qualified Retirement Plan for high net income pros and business owners”
Tag Archives: Qualified Retirement Plan
Naming a Trust as Beneficiary of an IRA or Qualified Retirement Plan
As a participant in a qualified plan or the owner of an IRA you have many options in naming a beneficiary upon your death. Most often we think of our families – our spouses and/or children as the natural beneficiaries of our retirement assets. And much can be said in favor of naming your spouseContinue reading “Naming a Trust as Beneficiary of an IRA or Qualified Retirement Plan”