412i, 412e3, www.412iplans.org Lawline.com Continuing Legal Education http://www.youtube.com/v/xH0q05BAHdM?version=3&autohide=1&showinfo=1&attribution_tag=jk0wDogc68HNpwlCQxp7GA&autoplay=1&autohide=1&feature=share Posted by Lance Wallach at 11:01 AM
Scams & schemes involving Internal Revenue Code Section 412(i) pension plan fraud have taken many business owners by surprise. Told by insurance companies that contributions to their employee retirement plans could be up to ten times more than a traditional plan, and that withdrawing up to 80% of funds could be done on a pre-tax basis, business owners say that they were taken – all for big insurance company commissions. What are 412(i) pension plans?
Section 412(i) of the Internal Revenue Code essentially says that you can have a pension plan funded only with guaranteed life insurance or guaranteed annuity products, according to
Read more: http://employment-law.freeadvice.com/employment-law/pensions_benefits/412-i-pension-plan-fraud.htm#ixzz34QP4k8iZ Under Creative Commons License: Attribution Follow us: @FreeAdviceNews on Twitter | freeadvice on Facebook
Free Finance Forum
ReplyDeleteFriday, November 1, 2013
412i, 412e3, www.412iplans.org Lawline.com Continuing Legal Education
http://www.youtube.com/v/xH0q05BAHdM?version=3&autohide=1&showinfo=1&attribution_tag=jk0wDogc68HNpwlCQxp7GA&autoplay=1&autohide=1&feature=share
Posted by Lance Wallach at 11:01 AM
Scams & schemes involving Internal Revenue Code Section 412(i) pension plan fraud have taken many business owners by surprise. Told by insurance companies that contributions to their employee retirement plans could be up to ten times more than a traditional plan, and that withdrawing up to 80% of funds could be done on a pre-tax basis, business owners say that they were taken – all for big insurance company commissions.
ReplyDeleteWhat are 412(i) pension plans?
Section 412(i) of the Internal Revenue Code essentially says that you can have a pension plan funded only with guaranteed life insurance or guaranteed annuity products, according to
Read more: http://employment-law.freeadvice.com/employment-law/pensions_benefits/412-i-pension-plan-fraud.htm#ixzz34QP4k8iZ
Under Creative Commons License: Attribution
Follow us: @FreeAdviceNews on Twitter | freeadvice on Facebook