Does the 5 Year Rule Apply to Each Roth Conversion? - 357
Your Money, Your Wealth
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Is There a Deferred Compensation Plan in a Sola Business?
Sola business is where an employee says to the employer, i want you to withhold some of my salary so i don't have to pay taxes on it. Defined benefit plan: You can actually put a lot away, but you have to commit to making a similar contribution for at least five years. Some other types of plans that we have seen come across our desks in another several years that we've been doing this are not recommended.
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