There’s Still Life in Private DB Plans
Don’t write off defined benefit plans’ business potential. In the right circumstances, cash balance DB plans continue to get a positive response from plan sponsors. This article focuses on larger retirement plans and the advantages of cash balance plans in reducing plan sponsor’s liabilities. Cash balance plans held more than $1 trillion in assets as of 2013.
What Is a Defined Benefit Plan
Many financial advisors and CPAs are looking for ways to help their clients save money on taxes, and build wealth. Defined benefit plans are a good option for high earning professionals, particularly those who are maxing out their 401(k) and profit sharing plan contributions each year such as medical and dental practices and very profitable small business.
Via Dedicated Defined Benefit Services
Q&A: HighTower CEO On Why The ‘Fiduciary’ Rule Falls Short
Personal finance writer Jennifer Barrett interviews Elliot Weissbluth, CEO of HighTower Advisors—a nine-year-old national financial services company with more than $30 billion in assets under management that has long adhered to the fiduciary standard — on what the new rule means for those seeking financial advice.
Via Forbes
Niche Focus Can Bring Efficiency, Effectiveness and Profitability
While competition from increasingly large numbers of advisors make niche marketing an attractive client acquisition strategy, advisors who work in niches say that having a market focus also makes them more effective, efficient and profitable.
11 Daily Habits of Self-Made Billionaires Anyone Can Adopt
The key to becoming a billionaire is to study billionaires, which is what Steve Siebold has done in his book, “How Rich People Think.” Here are 11 daily habits of self-made billionaires.
Via Business Insider