Listen "Episode K - Kids and Other Family Members"
Episode Synopsis
In this episode, Episode K, we discuss kids and other family members in the business, and how they can impact your retirement plan designs. Do you have to cover your kids? What about your parents, your grandparents, aunts and uncles or any other family members? Is there a difference? What if the kids work there, but aren’t going to take over, does that matter? Does it matter if I don't own very much? We talk through which family members may be considered owners solely because they're related to you, how this would impact the design of the plan, and some special rules for spouses. Instead of fun facts, we've scattered some jokes throughout the podcast, because if you can't laugh at your family, who can you laugh at?Seriously though - knowing who's related to the owners, and adjusting / accounting for that, makes a huge difference in our plan designs, and can make a good plan into a great one. Listen here to find out how, and why.
More episodes of the podcast Retirement A to Z
Episode R: Retirement - what now?
19/02/2021
Episode V - Vesting and Eligibility
22/02/2020
Episode T - Types of Plans
20/02/2020
Episode S - The SECURE Act
19/02/2020
Episode P - Protection
16/02/2020
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