Author: Anonymous

It is important in reviewing a policy illustration to remember that dividends are not guaranteed.

The transfer for value rule does not apply to a transfer to:

In a 1035 exchange gains are deferred, but losses may be taken at the time of the exchange.

Legal services plans are usually funded through multiemployer trusteeships sponsored by labor unions.

Unlike a traditional IRA, a Roth IRA contribution is not restricted by active participation in an employer’s retirement plan.

If the plan is prefunded by the employer,

A plan may provide benefits to former employees, including retired, disabled, or laid-off employees.

If an employer has a profit, at least some contribution must be made that year to the profit sharing plan.

A severance pay plan will not be considered a pension plan, for ERISA purposes, if payments are contingent, directly or indirectly, upon retirement.

A moving expense reimbursement plan must meet ERISA requirements because it is classified as a welfare benefit plan.