Uncategorized Archives

By Matt Schiff April 29, 2024April 29, 2024 Corporate Owned Life Insurance, Deferred Compensation, Employee Retention, Executive Benefits, Owner Benefits, Retirement, Uncategorized

Employee Retention in 2024

As a business owner, how do you keep your best people and properly plan for yourself and your executives? Well, Bud Schiff, past President of Mutual of New York (MONY), past president of NYLEX Benefits, managing director of Alvarez and Marsal gives his insight of over 50 years in this podcast about employee retention strategies.

If you want to find a way to "retain" your best employees in a post no "non-compete" environment, listen up, and then give us a call. It's easier than you think, and it costs more to retrain a new hire, than it is to retain your best employee.

By Matt Schiff April 4, 2024April 6, 2024 Education, Uncategorized

Our Education Podcasts – Are Up – The Story Behind SEB

Have you ever wondered what you need to know to be financially successful? Well, in a series of podcast over the next few months, Matt Schiff, CLU, ChFC, WMCP and founder of Schiff Executive Benefits will be discussing these important items with John Stamper, his Podcast Host, and his stars studded guests.

In the first two Episodes, we get an introduction of how Matt and SEB started, and then in Episode 2 get into a concept that EVERYONE should know, "Save Early".

By Matt Schiff February 8, 2024February 9, 2024 Employee Retention, Executive Benefits, Life Insurance, Uncategorized

Register for The Independent Bank/Corporate (IBC) Owned Life Insurance Study Group

Event Timing: November 10th, 2024 (4:30pm Reception) - November 12th, 2024 (12:00pm end)
Event Address: The Hotel Monteleone, 214 Royal St, New Orleans, LA 70130

Hotel Reservations (Book Here by 10/1/24)

(Group Discount Until Oct 9, 2024 or Event is Full)

Registration Limited to first 50 Attendees (plus Carriers and Vendors).

By Matt Schiff June 20, 2023January 5, 2024 Uncategorized

Study Group Announcement – New Orleans – Nov 5-7th, 2023

Are you an “Independent” Corporate and/or Bank Owned Life Insurance Consultant? Do you remember the Ramsey Study Group in the late 2000’s?

Well, if you want to be part of a group of “like minded” producers who wish to learn and share knowledge with some of the brightest and best in the business, then plan on being in New Orleans, November 5th to 7th, for a fast paced knowledge summit specific to the advanced planning market of corporations and banks. Meeting will be held at the Hotel Monteleone where the latest changes to products, services, and admin platforms will be discussed. Cost savings ideas on existing plans, as well the latest designs and tax law updates will be shared.

Speakers: Mel Todd (COLI Consulting Group), Peter Ricchutti (Professor Tulane Business School), Bud Schiff (Alvarez and Marsal), Dylan Major (Pangburn Group) and MANY more.

Registration Link

By Matt Schiff July 30, 2020January 5, 2024 Deferred Compensation, Employee Retention, Retirement, Uncategorized

Covid, 401K’s and Cash Flow

What happens if my company stops their safe harbor 401K contribution.

By Matt Schiff January 15, 2020January 5, 2024 Deferred Compensation, Employee Retention, Executive Benefits, Income Maximization, Uncategorized

The “perfect” plan

https://youtu.be/uK8Wx2pMoGc

Ever wanted the "perfect" plan where the company gets a current deduction when the money is paid into the plan, the cash grows tax deferred, and then the participant get the money "tax free"? Well look no further. There is a plan like that available. You just have to be willing to discriminate.

It's called a Restricted Executive Bonus plan and combines to different benefits in one. It has to be done carefully to meet IRS guidelines, but is 100% legal. Nice thing is, it's not carrier or product specific, and has the flexibility as to what type of asset you want in the plan.

To learn more, give us a call or check out our Executive Bonus material. We'd be happy to design a sample for you so that you keep your best people.

By Matt Schiff December 16, 2019January 5, 2024 Employee Retention, Executive Benefits, Uncategorized

Why you should have Long Term Care Insurance

https://youtu.be/2PfvHO-cnl4

Long Term Care Insurance - It's about the Coordinated Care Provider

Everyone should have long term care insurance. For individuals over 45, this is the one benefit that you have a 70% chance of using during your lifetime. And the most important benefit is the Coordinated Care Provider that comes with it.

By Matt Schiff December 16, 2019January 5, 2024 Deferred Compensation, Employee Retention, Executive Benefits, Uncategorized

Retain your Key People with “Ownership” Like Benefits

https://youtu.be/obHoX4NWS0c

Have you had trouble and need to retain you key people? Did they want to feel like they had ownership but you don't want to give up a minority interest in your company? Well, you can design a benefit for your "key" employees, that makes your best people feel like they are an owner so that they never want to leave, and you never give up control until the day that you decide to.

For more, check out our Phantom Stock articles