Mar 5, 2020
Josh & Jay welcome Will Steih, Managing Director or Prime Capital
Investment Advisor’s Tennessee office, to the studio for Chapter 4
of 5 in our Business Owner Strategies & Solutions (B.O.S.S.)
Series, a discussion about Non-Qualified Deferred Compensation
Plans. Why should a business owner consider a N.Q. Deferred Comp
Plan? Why are these plans referred to as “golden handcuffs”? A
business owner has a key employee that is critical to the success
of their business – is there a way to offer additional benefits to
incentivize this key employee to stay loyal to their organization?
Listen in to hear important concepts & solutions to consider!
Key Takeaways:
> Non-Qualified Deferred Comp is a tool to keep key employees
loyal in a competitive hiring or business environment.
> N.Q. Deferred Comp is potentially structured to grow tax-free
using permanent life insurance.
> There is a cost recovery component to N.Q. Deferred Comp Plans
that may have more “punch” than just providing more W2 income to a
key employee.
> N.Q. Deferred Comp allows an employer to carve out additional
benefits for their organization’s key employees.
Resources
Prime Capital Investment Advisors
Qualified Plan Advisors
If any of these topics apply to your situation, we can help! Reach out to us at 251-327-2124, or email jnull@gulfcoastfa.com.