Blog

Funding Options for Non-Qualified Deferred Compensation Plans

Funding Options for Non-Qualified Deferred Compensation Plans
Unlike a qualified plan, where money is set aside and segregated for the benefit of the plan participants and is protected from the creditors of the business, a non-qualified executive benefit plan can only be "informally" funded. This means that any asset used to fund a non-qualified plan is subject to creditors of the business.…
Read more

Who Pays For Long-Term Care Expenses?

Who Pays For Long-Term Care Expenses?
Will Medicare Pay For Long Term-Care In A Nursing Home? Most long-term care delivered in nursing homes is provided to people with chronic, long-term illnesses or disabilities. The care they receive is personal care, sometimes still referred to as custodial care. Medicare does not pay for this kind of care. It pays less than 10%…
Read more

What Is Long-Term Care?

What Is Long-Term Care?
Long-term care is the kind of help you require for taking care of your personal needs, such as bathing, dressing, eating, continence, toileting and transferring. These needs are commonly referred to as Activities of Daily Living or ADL's. You might need this kind of help because of a chronic medical or physical condition. frequently, people…
Read more

Retaining And Rewarding Employees

Retaining And Rewarding Employees
Business owners understand that they need to build a solid team of people to further the success of their business. The business owner will either promote employees from within the business or hire new employees who have particular skills, experience, or creativeness to take on more specialized roles and responsibilities in the business. Some employees…
Read more

Key Questions To Ask In Succession Planning

Key Questions To Ask In Succession Planning
How do you effectively demonstrate to your clients the need for succession planning in a way that will actively engage your clients and convince them to start planning? The answer may be as simple as asking them some key questions that can expose significant impacts to the business if a succession plan is not in…
Read more