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LATELY, 412(I) PLANS HAVE BEEN GENerating a lot of buzz–and with the tax
benefits these plans provide to small business owners, it’s easy to see why. Many clients may be leery of relying entirely on volatile stock and bond markets to meet all their retirement goals. They would like to have a portion of the income needed at retirement to be guaranteed by a financially strong life insurance company.
A 412(i) plan offers investment guarantees not found in traditional defined benefit plans, along with initially larger income tax deductions than may be available with other types of qualified plans. Using an annuity and life insurance, a 412(i) plan can be an excellent planning strategy to help clients make the most of their qualified retirement plans with guaranteed, taxdeductible benefits.
“But I’ve spent the majority of my career advising clients to stay away from
low-interest-earning investments,” you say. |
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