Top 3: NQDC Rules Changes, Growth, Taxes
As the new year rolls in and you regroup from holiday parties, bowl games, and the events of a most unusual year, let’s look at what mattered to you most in 2016. Here are the 3 top blog posts on Fulcrum Partners News for the past calendar year:
- New Section 409A Rules Impact Nonqualified Deferred Compensation Plans (NQDC)
- Fulcrum Partners Executive Benefits Adds New Financial Consultant
- Taxes … at the Optimal Time YOUR NEED FOR A NONQUALIFIED DEFERRED COMPENSATION PLAN
NQDC Rules Changes: Tax Code Modifications to Sections 409A and 457
Updates on IRS tax law changes related to 409A and 457 tax code topped the list of topics of high interest last year. Fulcrum Partners News updated its readers frequently as the announced changes and the subsequent analysis of the changes unfolded over the summer. In addition to several blogs on the subject, Fulcrum also published this comprehensive report: IRS Proposed Changes Deferred Compensation Rules 2016.
Growth: Aggressive Expansion for Fulcrum Partners in 2016
Fulcrum Partners kicked off 2016 with the addition of new Managing Director, Paul Murray in the company’s Fulcrum Partners Los Angeles offices. Throughout the year, the company added Financial Consultants: Wes Hackett and Jon Kearn at Fulcrum Partners Orlando, Adam Monson in Los Angeles, and Kenny Depaola in its Chicago offices. As Managing Director, Andy Hart of the Fulcrum Partners Washington D.C., observed, “Our company is growing, building new strategic alliances and facilitating some very creative and forward-thinking initiatives. It’s not surprising that we are attracting exemplary talent.”
Taxes: Understanding NQDC Rules and the Benefits of Paying Taxes at the Optimal Time
Of course, a subject near and dear to everyone’s heart also made it to the most popular list. The post, “Taxes … at the Optimal Time” was among our most-read blog posts all year. A well-structured nonqualified deferred compensation plan, NQDC, can provide you the flexibility and control to plan when you receive compensation payouts, enabling you to defer tax payments until the year you receive your money, not the year you earn it.
Good Bye 2016!
Politically, financially, even environmentally, 2016 was atypical and unpredictable. With a tumultuous and eventful year behind us, make sure you have done everything possible to strategically prepare for 2017 and all that lies ahead. Contact Fulcrum Partners. www.fulcrumpartnersllc.com/team/