Burypensions Blog

Came across this website for setting up a 401(k) plan trumpeting the generous federal tax credits without mentioning that ordinary and necessary costs your business pays to establish and administer a 401(k) plan generally qualify as deductible

To put it bluntly:

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Aside from the endgame there is another basic reason.

Life insurance in a pension plan is a tax-deferred vehicle inside a tax-deferred vehicle meaning that, on average, investment returns will be worse.

However, perplexity.ai (with help from

“The one great principle of the law is to make business for itself. There is no other principle distinctly, certainly, and consistently maintained through all its narrow turnings. Viewed by this light it becomes a coherent scheme, and not the monstrous maze the laity are apt to think it.” Charles Dickens, Bleak House, Chapter 39, “Attorney and Client.”

Th...