B.O.S.S. Chapter 4: The Reverse Pink Slip
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!
> 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.
If any of these topics apply to your situation, we can help! Reach out to us at 251-327-2124, or email [email protected]