M2 EQUITYBITES-January 29, 2018-Ascensus to Acquire Qualified Plans
to Expand Defined Benefits Solutions
Below are some questions to consider when planning for IRAs and qualified plans
for a client with a blended family.
while they are on overseas assignments.
These "deferred income annuities" can be purchased by IRAs and qualified plans
(within limits) and the contract values will be exempt from RMD rules until age 85, thus allowing even greater benefit of tax deferral.
This is an option for companies that have maxed out existing qualified plans
, decided that qualified plans
are too expensive, or concluded that a nonqualified plan does not create income tax advantages for the owner.
Some argue, however, that bundling NQDC plans with qualified plans
is not such a good idea.
Matthew reminisced about his earliest recollection of working with his father in the life insurance business: "I remember when I was 13 years old, I was doing data entry on qualified plans
The federal estate tax exclusion, as described at Q 673, is available as well to the estates of self-employed individuals covered under qualified plans
With deemed IRAs, also referred to as "sidecar IRAs," the participants in qualified plans
, Section 403(b) plans, and eligible 457 plans are allowed to make traditional and Roth IRA contributions to a separate account or annuity established under their employer's plan.
Like all qualified plans
, a Keogh plan enables those covered under the plan to accumulate a private retirement fund that will supplement their other pension and Social Security benefits.
The IRS issued guidance regarding the exclusion of part-time, temporary, seasonal, and project employees under qualified plans
, including 401(k)s.
Early distributions from qualified plans
to terminated public safety employees; and