Heck it is raining so I might as well keep ranting for a while. Getting back to DB Plans, I was commenting on other issues of fully insured plans. What about the death benefit? You cannot roll a life insurance contract to a IRA. So with that in mind you could just terminate the policy, [...]
Tag Archives: insurance
DB Plans Funded with Insurance-Continued
I hope you all had a fun filled and safe holiday weekend. Let’s get back to my discussion of fully insured defined benefit plans, as I mentioned in previous article a 50 year old could contribute either $205,ooo(3% rate of return) or $161,000(5% rate of return) to their DB Plan and the benefit would be the same, [...]
DB Plans Funded with Life Insurance-Beware!
Recently I received an e-mail from a physician requesting information about a defined benefit plan. On top of all that he mentioned the plan would be fully funded with a life insurance and fixed annuity policy. His question was, “what is my take on a fully funded DB Plan with life and annuity insurance?” My [...]
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About Rick Helbing, CFP®, ChFC
Rick Helbing is a Certified Financial Planner™ who provides strategic financial planning to Medical Professionals, Dental Professionals, and Family Business Owners. He has been innovating on behalf of his clients for over 25 years. Named one of the top 150 advisors in the country for physicians by Medical Economics magazine.
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