Nikki Kook – Marketing and New Business Make a plan for your large retirement payouts, such as stock awards and deferred compensation, at least one to two years before leaving…. Read more »
Long-Term Care for Employed Spouses
Nikki Kook – Marketing and New Business You are the sole proprietor or partner of a business. Your spouse is a genuine employee of the business. A long-term care insurance… Read more »
The Many Benefits of Corporate and Bank Owned Life Insurance (COLI / BOLI)
Companies use Corporate and Bank Owned Life Insurance (COLI / BOLI) to help fund their employee benefit plans, increase earnings and shareholder value as well as recruit, reward and retain… Read more »
The Importance of Communication in Succession Planning
Lindsey M. Bessy, ALMI, CLTC, MBA, CLU, CASL- Financial Advisor We recently talked with a client who was facing a more common problem with succession planning than one may think…. Read more »
Putting the Freeze on Fees
Martha Petitjean – Executive Benefits Coordinator Executive Benefits Network provides fee-free access to client’s financial information, including illustrations and annual reports. This is not the case with most companies. As… Read more »
Split-Dollar Plans and Net Amount at Risk Considerations
Andrew Bainbridge- Client Service Specialist Employer owned split-dollar life insurance is a method of sharing both the obligations and benefits of life insurance with an employee while also providing an… Read more »
Avoiding Inadvertent Taxable Gifts: Crummey Powers and ILIT Trustee Responsibilities
Avoiding Inadvertent Taxable Gifts: Crummey Powers and ILIT Trustee Responsibilities Lindsey M. Bessy, ALMI, CLTC, MBA, CLU, CASL- Financial Representative Many individuals follow an annual gifting strategy that involves making… Read more »
Minimize FICA Taxes in Nonqualified Deferred Compensation Plans
Nikki Kook- Marketing and New Business Coordinator Minimize FICA Taxes in Nonqualified Deferred Compensation Plans Nonqualified Deferred Compensation (NQDC) plans have become increasingly popular along with the higher income tax… Read more »
Succession Planning for Community Banks
In lieu of our Succession Planning for Community Banks WEBINAR on September 3 at 10am CDT, below is the whitepaper on the same topic. Please CONTACT US if you have questions or… Read more »
Why does my bank competition have higher Noninterest Income?
Jonathan Anderson- Director of Operations How often do you look at another bank’s noninterest income and wonder how they are continuously doing so well, regardless of any adversity in the… Read more »