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In our second season, we’re highlighting the people behind the innovative ideas and concepts that continue to level up our industry through elevating the client experience.

What Is a Cash Balance Pension Plan A cash balance pension plan is a type of employer-sponsored retirement plan that combines features of a traditional defined benefit plan, and a defined contribution plan. In a cash balance plan, the employer sets aside a predetermined amount of money for each employee, usually a percentage of their annual salary, and the account grows over time with interest. Learn more about retirement plans for self-employed individuals here. Benefits of a Cash Balance

Intentionally Defective Grantor Trusts (“IDGTs”) are a commonly used estate planning vehicle to transfer wealth to family members during the life of the grantor. In this whitepaper we will explore the four tax types relevant to IDGTs, and the mechanics of how IDGTs work. The use of the phrase “intentionally defective” is confusing, but it simply refers to an irrevocable trust where the grantor pays the trust’s income tax bill during his or her life. What taxes relate to an IDGT? There are four

In our second season, we’re highlighting the people behind the innovative ideas and concepts that continue to level up our industry through elevating the client experience.

What is An Equity Partner An equity partner is an individual who holds an ownership stake in a business, with the most prominent example being a law firm. Equity partners have financial interest in the success of the firm because they share in the annual profits and losses, based on the equity percentage they own. Equity partners are also typically involved in the management and decision-making processes and may have a say in the strategic direction of the company. Equity partners will usually

In our second season, we’re highlighting the people behind the innovative ideas and concepts that continue to level up our industry through elevating the client experience.