Show Notes
The Educational Interview meeting featured Will Hoffman, a seasoned expert with over 20 years of experience in retirement plans and medical insurance, as he discussed advanced retirement strategies tailored for business owners.
Kevin introduced the session, highlighting key topics such as the various ways business owners can receive compensation, including salaries, business sales, and retirement plans.
Notably, Will explained cash balance plans, showcasing their potential savings, like a doctor's group saving over $250,000 annually.
He also covered non-qualified deferred compensation plans, life insurance for tax-efficient savings, and a new 401(k) product offering a 20% hedge against market declines.
Furthermore, the discussion emphasized the use of retirement plans to attract and retain talent, with a focus on the importance of annual benchmarking.
The meeting concluded with action items for exploring these advanced strategies and contacts for further personalized support from Will Hoffman.