PONTE VEDRA BEACH, Fla., Nov. 15, 2018 (GLOBE NEWSWIRE) -- Fulcrum Partners LLC announces the rebranding of Fulcrum Partners News, which earlier this month became, Deferred Compensation News. /EIN News/ -- G. Scott Cahill, Managing Director Fulcrum Partners Orlando and company cofounder said, “Since rebranding our blog, we have seen a remarkable 192 percent increase in readership year-over-year, which we attribute both to the rebrand and to the recent publication of high-interest topics related to updated IRS tax deferral guidelines and the always-complicated issue of Top Hat plans.” The blog and industry news platform began publication in September 2012 with the goal of providing information on deferred compensation and executive pay and benefit plans. Today, Deferred Compensation News brings readers a comprehensive overview of the latest updates on 409A nonqualified deferred compensation; institutional COLI, BOLI and ICOLI; tax-and cost-efficient non-COLI funding … [Read more...] about Fulcrum Partners News Becomes Deferred Compensation News
Tax sheltered annuity vs deferred compensation
There are obviously many retirement vehicles you, as a corporate executive, have considered, but have you overlooked the option of the company-sponsored non-qualified deferred compensation plan? Significant wealth may be created in NQDC plans, where assets have the opportunity to compound tax-free and investment options are frequently attractive. Two times a year, corporate executives are offered the option of deferring a portion of their compensation in order to put away money for their retirement in these plans. Quickly approaching is the June 30 deadline for deferring variable or incentive compensation for this year. Basic modeling shows that assets invested inside a deferred compensation plan for 10 years would grow 1.75 percent more annually than the same amount invested for the same period receiving identical returns. … [Read more...] about Deferring compensation now could help you in retirement
ST. LOUIS (AP) — The deferred compensation agreement included in Darryl Strawberry’s 1985-90 contact with the New York Mets has been auctioned for $1.3 million by the Internal Revenue Service. The buyer, only identified as a man, was among 31 bidders during the sale Tuesday in Fairview Heights, Illinois, according to Michael Devine of the IRS’s St. Louis office. The buyer chose to remain anonymous, Devine said Wednesday. The minimum bid was $550,000. ESPN, which first reported the results, said the buyer will get a monthly check from the Mets for $8,891.82 over the next 18-plus years. Chief U.S. District Judge M. Casey Rogers in Pensacola, Florida, ordered the sale last September to satisfy tax liens for Strawberry’s federal tax debts for 1989, 1990, 2003 and 2004. That judge still must approve the sale. A payment of 20 percent of the minimum bid was required by bidders. The buyer has 60 days to pay the remainder. The federal government sued Strawberry in 2007, … [Read more...] about Darryl Strawberry’s deferred compensation agreement with Mets auctioned for $1.3M
Rotunda Rumblings Road to ruin: Republican Gov. Mike DeWine told the cleveland.com/Plain Dealer editorial board Wednesday that the House version of the proposed gas tax doesn’t come close to adequately addressing Ohio’s road crisis, cleveland.com’s Seth Richardson reports. “If they pass the House bill, we’re going to end up with the worst of all worlds,” DeWine said. Opportunity knocking: DeWine continued his daily sneak peeks into his upcoming state budget plan Wednesday, unveiling a proposed 10-percent income tax credit for investors in so-called “opportunity zones.” As cleveland.com’s Robin Goist writes, Ohio has 320 such zones, which were created by the federal government in 2017 to offer federal tax incentives.Get the lead out: DeWine has also released details about his plan to combat lead poisoning in Ohio. As The Plain Dealer’s Brie Zeltner and Rachel Dissell report, families earning up to 400 percent of the federal … [Read more...] about DeWine says Ohio House’s gas-tax plan would be ‘worst of all worlds’: Capitol Letter
Everyone is shocked — shocked — to learn that President Donald Trump amassed his fortune not by the sweat of his brow, but rather the old-fashioned way: choosing the right parents and dodging the Internal Revenue Service. That’s certainly the lesson of The New York Times expose this week reporting that Trump received more than $400 million in today’s dollars from his father’s business empire, some of it through what the Times characterized as criminal tax fraud. What to do with this information? Beyond all the Trump-specific takeaways — such as, duh, we need to see his tax returns — two much broader policy conclusions shouldn’t get lost here: 1. We need to adequately fund the IRS. 2. What’s scandalous here isn’t just what’s illegal. It’s also what is legal. If you’re wondering how Trump was able to duck the tax authorities for so long, given the brazen acts documented by the Times, note that we have basically … [Read more...] about Duh, we need to see Trump’s tax returns. But that’s just the first step.