Minimum Cash Value plan and the IRS
#1
Trimming my beard
Thread Starter
Joined APC: Jul 2014
Position: 7ERB
Posts: 241
Minimum Cash Value plan and the IRS
I’ll start the fun here. I’m interested in the source (tax code or otherwise) behind the IRS’s potential treatment of DALPA’s proposed minimum cash value optional retirement plan. My guess is that an optional plan above the 401k limits would NOT be tax advantaged, but I didn’t even stay at a Holiday Inn Express last night.
Who knows more than me here?
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Who knows more than me here?
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#3
Gets Weekends Off
Joined APC: Apr 2018
Posts: 2,930
#4
#6
Trimming my beard
Thread Starter
Joined APC: Jul 2014
Position: 7ERB
Posts: 241
Great reference; thanks. Kravitz’s biased but hopefully accurate pitch shows a potential HUGE increase in tax-deferred annual contributions with the MCB plan.
What’s the downside here from a retirement standpoint?
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#8
It if it truly is an optional plan that you can put your excess DC company contributions in. I am tentatively for it. The devil is in the details.
#10
Trimming my beard
Thread Starter
Joined APC: Jul 2014
Position: 7ERB
Posts: 241