{"id":630,"date":"2017-04-03T19:14:11","date_gmt":"2017-04-03T19:14:11","guid":{"rendered":"http:\/\/www.himmelsteinfinancial.com\/?p=630"},"modified":"2017-04-05T15:52:44","modified_gmt":"2017-04-05T15:52:44","slug":"pig-plan","status":"publish","type":"post","link":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/pig-plan\/","title":{"rendered":"PIG PLAN"},"content":{"rendered":"<p>Business<img data-attachment-id=\"631\" data-permalink=\"https:\/\/staging.himmelsteinfinancial.com\/index.php\/pig-plan\/cartoon_pig_clipart_image_2\/\" data-orig-file=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/cartoon_pig_clipart_image_2.png?fit=600%2C600&amp;ssl=1\" data-orig-size=\"600,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"cartoon_pig_clipart_image_2\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/cartoon_pig_clipart_image_2.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/cartoon_pig_clipart_image_2.png?fit=600%2C600&amp;ssl=1\" loading=\"lazy\" class=\"size-medium wp-image-631 alignleft\" src=\"https:\/\/i0.wp.com\/www.himmelsteinfinancial.com\/wp-content\/uploads\/cartoon_pig_clipart_image_2-300x300.png?resize=300%2C300\" alt=\"cartoon_pig_clipart_image_2\" width=\"300\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/cartoon_pig_clipart_image_2.png?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/cartoon_pig_clipart_image_2.png?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/cartoon_pig_clipart_image_2.png?w=600&amp;ssl=1 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" data-recalc-dims=\"1\" \/> owners have toiled tirelessly trying to grow their businesses to a successful stage, and because of no fault of their own, the government limits their ability to get a majority of the profits they justly deserve.\u00a0 In most conventional retirement plans, the owners must limit the amount they give to themselves because the IRS does not allow normal plans to be overly top heavy.\u00a0 In addition, whether this business is a law firm or an accountant\u2019s office, the founding owner is usually much older than the employees and makes a significant amount more.<\/p>\n<p>Under a \u201c<em>PIG PLAN<\/em>\u201d that owner can be compensated for his years of service and his retirement benefits can better reflect his deserved portion of the business.\u00a0 We will put in place alongside his plan for the employees, a plan which will give him a vast majority, at his discretion, of the retirement funds.\u00a0 In most cases, the business owner will be able to put away up to 95% of the company\u2019s retirement contributions into his individual account, allowing for the secure retirement he worked so hard to achieve.<\/p>\n<p>This plan is endorsed by the IRS and with our guidance can defer a large portion of a client\u2019s income into a qualified plan.\u00a0 This redirection of funds opens up new opportunities to help clients do proper succession and estate planning.\u00a0 You can establish yourself as a trusted confidant who has protected the equity in their business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business owners have toiled tirelessly trying to grow their businesses to a successful stage, and because of no fault of their own, the government limits their ability to get a majority of the profits they justly deserve.\u00a0 In most conventional retirement plans, the owners must limit the amount they give to themselves because the IRS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdUwpZ-aa","jetpack-related-posts":[{"id":842,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/tax-leveraged-supplemental-retirement-income\/","url_meta":{"origin":630,"position":0},"title":"Tax Leveraged Supplemental Retirement Income","date":"05\/17\/2018","format":false,"excerpt":"There is an opportunity for your company to pay for a Supplemental Retirement plan which may be leveraged between different tax brackets, either between your company and yourself and\/or your company and a key employee.\u00a0 We designed a solution for business members which allows for a transfer of capital from\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":791,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/tax-leveraging-the-new-tax-law\/","url_meta":{"origin":630,"position":1},"title":"Tax leveraging the new tax law","date":"04\/03\/2018","format":false,"excerpt":"Tax leveraging the new tax law Under the new tax structure, businesses may elect to be taxed at a lower rate than individuals that own them. Many owners and their key people may be personally taxed as much as 37% federally.\u00a0 Even this new rate can be a misnomer because\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gallery.mailchimp.com\/98ad10abd4ba836a05eaa66a0\/images\/c48dc069-7894-485b-978a-1452acb7403c.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":795,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/tax-leveraged-long-term-care-plan\/","url_meta":{"origin":630,"position":2},"title":"Tax Leveraged Long-term Care Plan","date":"04\/06\/2018","format":false,"excerpt":"There is an opportunity for your company to pay for a Long-Term Care policy which may be leveraged between different tax brackets, either between your company and yourself and\/or your company and a key employee.\u00a0 The Himmelstein Financial, in cooperation with Lincoln Financial, designed a solution for business members which\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.himmelsteinfinancial.com\/wp-content\/uploads\/Tax-Leveraged-LTC-SPlit-Dollar-Plan-300x232.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":829,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/tax-leveraged-life-insurance\/","url_meta":{"origin":630,"position":3},"title":"Tax Leveraged Reduced Cost Life Insurance","date":"05\/08\/2018","format":false,"excerpt":"There is an opportunity for your company to pay for Reduced Cost Life Insurance which may be leveraged between different tax brackets, either between your company and yourself and\/or your company and a key employee.\u00a0 At Himmelstein Financial, we design a solution for business members which allows for a transfer\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.himmelsteinfinancial.com\/wp-content\/uploads\/death-benefit-split-dollar-1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/the-deductible-insurance-policy\/","url_meta":{"origin":630,"position":4},"title":"The Deductible Insurance Policy","date":"02\/16\/2017","format":false,"excerpt":"Many an advisor or agent has asked me about tax deductibility of premiums when in fact that could change some of the best attributes of the 4 way tax shelter or the Super Roth for the higher compensated person.\u00a0 That is right other than the insurance costs which over\u00a0a long\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/advisors\/","url_meta":{"origin":630,"position":5},"title":"25 Items Advisors Need","date":"05\/11\/2016","format":false,"excerpt":"25 Items Advisors Can Find Opportunities with Their Clients and Look like a Hero at the Same Time If you read this and it sparks attention please don\u2019t be afraid to call or email. Waiting or talking RMDs only at retirement. If they hate paying taxes now they will hate\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts\/630"}],"collection":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/comments?post=630"}],"version-history":[{"count":3,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts\/630\/revisions"}],"predecessor-version":[{"id":634,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/posts\/630\/revisions\/634"}],"wp:attachment":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/media?parent=630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/categories?post=630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/tags?post=630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}