Big changes may be coming to the retirement planning process, thanks to an Executive Order signed by President Donald Trump in August 2018. The Order is designed to help Americans save for retirement by allowing them to keep their accumulated savings in tax-deferred accounts for a longer period of time, and by allowing smaller business … Continue reading Executive Order May Shape the Future of Retirement Savings
There are many factors that influence the success or failure of a business. The costs of doing business, including manufacturing, distribution, and marketing of products or services are some of these financial factors. Overhead costs, such as rents, employee salaries, and utilities can also eat into the profitability of a given company. If the company’s … Continue reading Business Overhead Protection: What You Need to Know
As mentioned in the previous article, two problems that smaller corporations face when competing with larger companies are hiring and retaining key employees, and inadequate retirement benefits offered to key employees and owners. There is a common solution to this problem: A Selective Executive Retirement Plan (SERP). SERP Benefits and Funding A SERP is tailor-made … Continue reading Small Business: Utilizing SERPs to Compete with Corporations
Smaller corporations often face two problems: the hiring and retention of key employees, and an inadequate retirement benefits payable to owners and key employees. The solution to this problem can be a selective executive retirement plan. Most prosperous businesses have one or more crucial employees who are largely responsible for the success of the corporation. … Continue reading A Small Business’ Solution to Long-Term Success
A Selective Executive Retirement Plan (SERP) is the solution to a problem faced by many smaller corporations: difficulty in hiring and keeping key executives and an inadequate qualified retirement plan benefits payable to key executives and owners. Most businesses that are successful have at least one key employee who is responsible for the growth and … Continue reading Are SERP Benefits a Solution for Small Business?