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What do Warren Buffet, Bill and Melinda Gates, Michael Bloomberg, and the heirs of Sam Walton have in common? They have given away billions of dollars through foundations and nonprofits to make the world better. Many of us would also like to leave a lasting legacy in our communities through charitable giving. But unless we’re…
→ Read MoreA 162 Executive Bonus Plan lets business owners reward key executives without incurring additional tax exposure. At its core, a 162 Executive Bonus Plan should feature a whole life insurance policy. Here’s how it works: The company buys the policy and pays the premiums on behalf of the employee. The employee names beneficiaries for the…
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