Pension Plans

Pension plans are employer-sponsored retirement programs designed to provide employees with a steady income after retirement. These plans typically involve contributions from the employer (and sometimes the employee) into a fund that grows over time. At retirement, the employee receives guaranteed payments based on factors like salary history and years of service. Pension plans offer security and predictability, making them ideal for individuals seeking a stable retirement income.

Cash Balance Plans

Cash balance plans are a type of defined benefit plan that combines features of traditional pensions and 401(k)-style accounts. Employers credit a participant’s account with a set percentage of their annual compensation plus interest. While the plan guarantees a benefit at retirement, the account balance grows in a way that feels similar to a savings plan. These plans are popular among business owners and professionals looking to accelerate retirement savings with tax advantages.

Premium Financing Plans

Premium financing is a strategy that allows individuals to purchase large life insurance policies without liquidating assets. Instead of paying premiums out-of-pocket, the policyholder borrows funds from a lender to cover the cost. The loan is typically secured by the policy’s cash value and other collateral. This approach is often used by high-net-worth individuals who want to preserve liquidity while maintaining significant life insurance coverage for estate planning or wealth transfer purposes.

Underground Real Estate

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