By Investment U Research Team Small businesses seeking to offer their employees retirement benefits may find 412(i) plans appealing. What is a 412(i) plan? It’s a type of retirement plan based around annuities, making it different from the likes of traditional or simple retirement plans. These plans are advantageous to both employees and employers when structured appropriately. But, they come with important stipulations that make them very unique retirement accounts.
If you’re offered a 412(i) plan by your employer, it’s important to understand the nuances of how these programs operate. If you’re unfamiliar with annuities, you’ll want to research them thoroughly, as well. While a …read more
