Deferred compensation for tax-exempt entities.
Many executives in tax-exempt organizations, including healthcare executives, find their tax-advantaged savings opportunities dramatically reduced today compared to previous years. The benefit of employer-sponsored, "qualified" retirement and savings programs has been severely limited by ever-increasing tax restrictions on such plans when they are offered by tax-exempt organizations. And the opportunity for tax-sheltered personal investments has virtually disappeared. One of the last remaining opportunities for tax-advantaged savings in tax-exempt organizations is an employer-sponsored, non-qualified, deferred compensation plan, an option that appears increasingly attractive in light of the recently enacted increased personal tax rates.
Lyons Company, Waltham, MA.
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Rich
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Jenkins
D005376:Financial Management / Q000331:legislation & jurisprudence / Q000379:methods; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D007183:Income Tax / Q000331:legislation & jurisprudence*; D009939:Organizations, Nonprofit / Q000191:economics* / Q000331:legislation & jurisprudence; D010415:Pensions; D010934:Planning Techniques; D012179:Retirement / Q000191:economics; D012456:Salaries and Fringe Benefits / Q000331:legislation & jurisprudence*; D014481:United States