Learn the difference between Money Purchase Pension Plans and Profit-Sharing plans and the pros and cons of each, as David Blain, CFA, author of Invest in Your Life, Not Just your Portfolio, CEO and Founder of BlueSky Wealth Advisors, dives into Advanced Pension Plans for Small Businesses.
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What to watch for:
Money Purchase Pension Plan 2:37
Basics of a Profit-Sharing Plan 6:35
New Comparability of Profit Share Plan 11:36
Testing and Compliance of Profit-Sharing Plan 14:43
Contribution Groups 19:32
Types of Tests 22:00
Practical Use of Profit-Sharing Plan 30:00