2019 Tax Saving Checklist for Attorneys

Posted Leave a commentPosted in 401(k), Employee Benefits, Law firm, Tax Planning

Forecast 2019 taxes now based on 2018 year-to-date results. (If you don’t have 2018 YTD then we really need to talk). Use a Health Reimbursement Arrangement (HRA) for tax-free payments of out-of-pocket expenses Use a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) for insurance assistance Add a Health Savings Account (HSA) for long term health […]

New way to pay student loans – tax free!

Posted Leave a commentPosted in 401(k), education, Employee Benefits

I’ve been practicing in the employee benefits field for 37 years and I can’t remember being as surprised as I was reading IRS Private Letter Ruling 201833012 released on last Friday. Never before has there been any tax advantage to student loan payments (typically made to an outside financial company) through connection with an employer plan. […]

Alternative Investments: Now More Than Ever

Posted Leave a commentPosted in 401(k), Financial Planning, Investment, Small Business

I’m convinced that most people don’t know about vast array of alternative investment options available to them including through tax-advantaged individual retirement accounts. Consider the broad environment of alternative investments that we face today: We’ve been brainwashed1 to think that alternative investments are not safe while investments in the US securities markets are safer. Financial […]

What the fiduciary rule means to us

Posted Leave a commentPosted in 401(k), Financial Planning, Investment, Retirement

Update on February 8, 2017: District Court in Texas upheld the fiduciary rule in this 81 page ruling in a case brought by the financial services industry groups. The court ruling seems to praise the new rule. Except in the unlikely event of very fast action by the Department of Labor it appears that the fiduciary […]

IRS does not pay ‘bounties’ to retirement plan auditors

Posted Leave a commentPosted in 401(k), Accounting, Retirement

I found this interesting exchange in the reader comments on Employee Benefits Adviser. I changed the names and of course can’t vouch for the authenticity of the writers. The article topic was the increased rate of audits of retirement plans since the IRS is aware that a high percentage of retirement plans have major deficiencies. […]

The goals of compensation and benefits planning

Posted Leave a commentPosted in 401(k), Employee Benefits, Small Business, Tax Planning

​​​​ It occurred to me over this weekend that over more than three decades I’ve produced hundreds of recordings, articles,  columns and radio spots on various technical aspects of compensation and employee benefits planning, but that I’ve never talked about the basic primary goals that we all share in this work. There are four primary […]