{"id":842,"date":"2018-05-17T17:37:19","date_gmt":"2018-05-17T17:37:19","guid":{"rendered":"http:\/\/www.himmelsteinfinancial.com\/?p=842"},"modified":"2018-05-17T17:37:19","modified_gmt":"2018-05-17T17:37:19","slug":"tax-leveraged-supplemental-retirement-income","status":"publish","type":"post","link":"https:\/\/www.himmelsteinfinancial.com\/index.php\/tax-leveraged-supplemental-retirement-income\/","title":{"rendered":"Tax Leveraged Supplemental Retirement Income"},"content":{"rendered":"

<\/p>\n

There is an opportunity for your company to pay for a Supplemental Retirement plan which may be leveraged between different tax brackets, either between your company and yourself and\/or your company and a key employee.\u00a0 We designed a solution for business members which allows for a transfer of capital from the corporation with limited tax implications, thus, providing substantial benefits that are very lightly taxed to either the business owner, as a participant, or a key employee.<\/p>\n

There must be a separation of tax brackets or entities in order for the full benefits to be realized.\u00a0 One also needs a life insurance contract which can defer the income for the owner and\/or employee.\u00a0 The life insurance contract is the vehicle which makes this possible.<\/p>\n

Additional appropriate questions<\/p>\n

    \n
  1. Is it more important for the business to get their money back or to have whatever it spends as premium as a write-off?<\/li>\n
  2. Does the business want any type of vesting schedule or does the employee have to be completely vested to receive the benefit (golden handcuffs)?<\/li>\n
  3. Is the business or participant most interested in\u00a0potential retirement income?<\/li>\n
  4. Are there any real health challenges in the proposed participants that they are aware of?<\/li>\n
  5. Does the business have any specific agreements or contracts it wants to fulfill with these contracts? (Buy Sell Succession, Key Man, Deferred compensation, Estate Liquidity for owners)<\/li>\n<\/ol>\n

    What will the Business Accomplish by establishing a plan?<\/p>\n

      \n
    1. Defers income for a owner or key employee.<\/li>\n
    2. Differentiation from other businesses that have not made any plans.\u00a0 This makes it more attractive to employees as well.<\/li>\n
    3. Potential Golden Handcuffs<\/li>\n
    4. Turning lesser taxed business dollars to lightly or tax-free dollars to the participants in the form of benefits at their higher tax bracket personally<\/li>\n
    5. Potential no out of pocket costs to the business<\/li>\n
    6. Opportunity to leverage the corporate dollar to get a substantial write-off<\/li>\n
    7. A method of insuring that agreements and obligations will be met.<\/li>\n<\/ol>\n<\/div>\n

       <\/p>\n","protected":false},"excerpt":{"rendered":"

      There is an opportunity for your company to pay for a Supplemental Retirement plan which may be leveraged between different tax brackets,<\/p>\n

      Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-842","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts\/842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/comments?post=842"}],"version-history":[{"count":1,"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts\/842\/revisions"}],"predecessor-version":[{"id":843,"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts\/842\/revisions\/843"}],"wp:attachment":[{"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/media?parent=842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/categories?post=842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/tags?post=842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}