Jul 15, 2013 | Cash Balance Plans, defined benefit plans
Updated 1/1/2019: In our previous post (#2 in this series) we looked at the wealth-accumulation advantages of cash balance plans. Discussing these advantages with business owners (your clients) is essential to selling a cash balance plan. But because clients “live...
Jul 6, 2013 | Cash Balance Plans, defined benefit plans
Updated 1/1/2019: Our previous post defined cash balance plans and explained their structure and how they work. Now let’s focus on the key advantages of using a cash balance plan, and who are its primary candidates. As a financial advisor you’ll want to...
Jun 24, 2013 | Cash Balance Plans, defined benefit plans
As a financial advisor to owners of independent companies, you’ve heard about cash balance plans. Although the number of these plans has increased sharply in recent years, many business owners and their advisors know relatively little about them. So let’s review the...
Feb 16, 2013 | Cash Balance Plans, defined benefit plans
The Moving Ahead for Progress in the 21st Century (MAP-21) Act allows sponsors of defined benefit pension plans to decrease required contributions over the next several years. The new law changes the interest rate used for funding to be based upon rates over a 25...
Jul 24, 2012 | Cash Balance Plans
Cash Balance Plans (CBPs) have seen strong growth in the past 10 to 15 years: In 2010 there were 7,064 CBPs active in the United States. That’s an increase of 810% over the 1,337 counted in 2001. However, some companies have hesitated to offer these hybrid...
