Ethos Business Law

A recent article in the American Bar Association Journal highlights a trend in business legal services:  The Outside General Counsel.  This “trend” is nothing new to Ethos Business Law — it is the basis of our business model — our “Ethos!”  Outside general counsel services, or fractionalized general counsel, are growing in popularity as business owners realize the value they can leverage from proactive, business-focused attorneys that have in-house experience, business education and law firm training.  But how do these services work and why are they better? (more…)

Looking for a way to increase your retirement savings? Still trying to catch-up after the “Great Recession?” Worried about your increasing tax bills that may become even more onerous over the next couple years? If so, Cash Balance Plans may be something to look at.

Some of the interesting attributes of Cash Balance Plans include:

• Are a type of defined benefit plan governed by the Employee Retirement Income Security Act (ERISA).

• May be well-suited for high income-earning professionals and owners of small, closely-held businesses.

• Feature deferral of more pre-tax income than 401K or profit sharing plans.

• Can often be layered on top of a 401K or profit sharing plan.

I recently saw a research article here that provided a great summary of Cash Balance Plans.  This was put together by Bernstein Global Wealth Management and was sent to me by Paul Borowski, one of their advisors (Paul.Borowski@bernstein.com).  Take a look and see if this might be right for you.