Podcast Episodes
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[Retirement] 11, Vesting Schedules
Season 3 Episode 11
Defined contribution plans often use a 2-6 year graduated or 3-year cliff vesting schedule. --
The CFP Exam is known for its difficulty, and as I emba…
1 year, 5 months ago
[Retirement] 20, Stock Bonus Plans
Season 3 Episode 20
Allow employers to contribute stock, with tax benefits for net unrealized appreciation on distributions. --
The CFP Exam is known for its difficulty, …
1 year, 5 months ago
[Retirement] 18, 401(k) Plans
Season 3 Episode 18
Allow employee deferrals, often with employer matching, and are subject to ADP and ACP nondiscrimination tests. --
The CFP Exam is known for its diffi…
1 year, 5 months ago
[Retirement] 17, Profit Sharing Plans
Season 3 Episode 17
Contributions are discretionary but must be substantial and recurring, with limits based on employer compensation. --
The CFP Exam is known for its di…
1 year, 5 months ago
[Retirement] 16, Social Security Integration
Season 3 Episode 16
Allows plans to provide additional benefits to employees earning above the Social Security wage base. --
The CFP Exam is known for its difficulty, and…
1 year, 5 months ago
[Retirement] 10, Highly Compensated Employees
Season 3 Episode 10
Defined as owning more than 5% of the company or earning over a specified amount, affecting plan testing. --
The CFP Exam is known for its difficulty,…
1 year, 5 months ago
[Retirement] 9, 50/40 Test
Season 3 Episode 9
Defined benefit plans must cover the lesser of 50 employees or 40% of all employees. --
The CFP Exam is known for its difficulty, and as I embark on t…
1 year, 5 months ago
[Retirement] 8, Coverage Tests
Season 3 Episode 8
Ensure plans are nondiscriminatory, requiring coverage of a certain percentage of non-highly compensated employees. --
The CFP Exam is known for its d…
1 year, 5 months ago
[Retirement] 7, Eligibility Requirements
Season 3 Episode 7
Typically require age 21 and one year of service, with special rules for part-time employees under the SECURE Act. --
The CFP Exam is known for its di…
1 year, 5 months ago
[Retirement] 6, ERISA Protection
Season 3 Episode 6
Ensures plan assets are protected from creditors and bankruptcy, providing security for retirement savings. --
The CFP Exam is known for its difficult…
1 year, 5 months ago