Common Section 162 Executive Bonus Plan Mistakes
A Section 162 executive bonus plan is a relatively simple strategy compared to many executive compensation tools, which is exactly why mistakes slip through...
Read moreCan You Access the Cash Value of Section 162 Life Insurance?
One of the appealing features of using permanent life insurance in a Section 162 executive bonus plan is that the policy isn’t just a...
Read moreWhat Happens to a Section 162 Plan if the Employee Leaves the Company?
One of the first questions business owners ask about Section 162 executive bonus plans is what happens if the employee doesn’t stay. It’s a...
Read moreCan a Section 162 Executive Bonus Plan Be Changed or Canceled?
Businesses change. Cash flow tightens, priorities shift, an executive’s role evolves, or ownership changes hands entirely. A common concern before setting up a Section...
Read moreHow to Set Up a Section 162 Executive Bonus Plan
Setting up a Section 162 executive bonus plan is more straightforward than people expect, but it involves a specific sequence of decisions and documentation...
Read moreSection 162 Executive Bonus Plan Checklist for Business Owners
A Section 162 executive bonus plan involves fewer moving parts than a qualified retirement plan, but it still has enough steps that it’s easy...
Read moreIs a Section 162 Executive Bonus Plan Worth It?
It’s a fair question, and one worth answering honestly rather than with a sales pitch: is a Section 162 executive bonus plan actually worth...
Read moreSection 162 Executive Bonus Plan Consultation: What to Expect
Booking a consultation about a Section 162 executive bonus plan can feel like a bigger commitment than it actually is. You’re not signing anything,...
Read moreHow to Review an Existing Section 162 Executive Bonus Plan
Plenty of businesses set up an executive bonus plan years ago, funded a life insurance policy for a key employee, and haven’t looked at...
Read moreHow to Choose a Section 162 Executive Bonus Plan Provider
A Section 162 executive bonus plan sounds simple on paper: the business pays a bonus, the executive owns a life insurance policy, and everyone...
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