Non-qualified Executive Benefit Design (409A)
See video here: https://youtube.com/shorts/
Summary of the presentation –
Building exit plans for highly-compensated executives requires specialized vehicles, including corporate assets to fund an exit or retirement agreement. IRS section 409A defines non-qualified deferred compensation and how they are taxed. The presentation covers the investment vehicles used by companies to fund the retirement of an executive, and how they are accounted for on the corporate balance sheet.
This will be really good information for financial planners working with business owners, accountants who advise businesses, and attorneys who would be drafting agreements.
Bio:
With 20 years of experience in the financial service industry, Steve takes a detailed and proactive approach to handling complex corporate and personal planning needs. He has a strong commitment to ongoing servicing, evidenced by the longevity of the relationships with clients, which sets him apart from other top financial service professionals nationwide.
In the corporate market, Steve’s practice focuses on incentive and retention strategies for corporations nationwide, as well as strategies for shareholder succession planning. Through personal wealth management planning, Steve provides solutions for our clients’ wealth accumulation and estate preservation goals, while strategizing risk management along the way.
Steve is a devoted husband and father, as he and his wife Christy have two daughters, Lahana and Lily, as well as two dogs. Steve is also a supporter for The Miracle League, which is an organization designed to provide opportunities for children with disabilities to play baseball. In Steve’s free time, he enjoys watching hockey and spending time with his family.
