Originally Posted by
OldFlyGuy
"In some respects its a lot better." I bite. I don't get it. OFG
Disclaimer -> I'm absolutely no expert. I just skimmed that massive document.
Maybe shoelu or full of luv can explain better.
BUT, it looks to me like some of their profit sharing can actually be "deferred" and placed in a trust so that more of it can come as "qualified" retirement money. ie= taxed like section 415 money rather than ordinary income.
Doing that comes with IRS strings attached of course. But it would be a nice option.