Business Owners

Qualified and Non-Qualified Financial Vehicles: 

• Split-Dollar Plans: An overview of how split-dollar life insurance arrangements can benefit both employers and key employees by providing valuable life insurance coverage while allowing for cost-sharing. 

• Section 412 Plans: Explanation of these fully insured retirement plans designed to provide significant benefits to business owners and key employees with tax-advantaged funding. 

• Compensation Plans (e.g., Golden Handcuff): Discussion on non-qualified deferred compensation plans, including golden handcuff strategies, which are designed to retain key employees by tying them to long-term incentives.

Advanced Strategies for Business Owners: 

• Tax-Free Retirement for Life: Description of how tax-advantaged accounts and life insurance products can create a stream of tax-free income during retirement. 

• Premium Financing: Information on leveraging third-party loans to pay for large life insurance premiums, helping to preserve cash flow while still securing high-value policies. 

• Debt Elimination: Strategies to systematically reduce or eliminate debt, thereby freeing up capital for investment and wealth-building. 

• Tax Mitigation: Techniques to minimize tax liabilities through careful planning and the use of tax-advantaged investment vehicles.

Small Business Strategy Development: 

• Buy/Sell Agreements: Explanation of agreements that ensure business continuity by facilitating the smooth transfer of ownership in the event of an owner’s death or departure. 

• Keyman Insurance: It is important to ensure the life of key personnel whose loss could have a significant financial impact on the business. 

• Business Continuation: Strategies to ensure the business remains operational and successful in the face of unforeseen challenges. 

• Disability Insurance: Protecting both the business and the individual by ensuring income replacement in the event of a disabling condition. 

• Employee Retention: Overview of employee benefits and compensation plans designed to retain top talent, reducing turnover and associated costs. 

• Retirement Planning: Tailored retirement solutions that align with both personal and business financial goals. 

• Charitable Tax Planning: Strategies to incorporate charitable giving into estate planning, maximizing the value of the estate while supporting philanthropic goals.