Beyond the rabbi trust

Article Abstract:

The preferred ways of securing nonqualified executive benefits - secular trusts, split-dollar life insurance, annuity purchases - provide protection superior to the rabbi trust, which principally protects against the bankruptcy of the corporation. The secular trusts makes the executive fully vested right from the start; however, it has serious cost and tax drawbacks. With split-dollar life insurance the executive owns the policy and enjoys fully protected benefits. The purchase of an annuity turns a executive's nonqualified plan into one guaranteed by an insurance company.

Analysis, Compensation and benefits, Executives, Executive compensation, Deferred compensation, Split-dollar life insurance, Split dollar life insurance

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Investing in a grandchild's future

Article Abstract:

Financial planners must use increasingly creative strategies to help their clients provide for their grandchildren's future education. Some dual-career families are still unable to afford to send their children to college, so many grandparents who are financially secure are funding their grandchildren's education. Financial instruments that are used to fund college education, particularly annuities, can also provide grandparents with tax benefits. Financial planners should be familiar with single-premium deferred annuity contracts.

Life insurance, Education, Higher, Higher education

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Business planning for the planner

Article Abstract:

Financial planners who leave corporations to start their own small businesses may find that they are short on management skills. If they concentrate too heavily on marketing, they may fail to maintain financial standards and performance criteria. Profit planning is the key to financial success, and balance-sheet analysis reveals whether goals are being met.

Management consulting services, Business consultants, Management consultants

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