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Are 412(i) plans also creditor protected?

A 412(i) or employer sponsored, tax qualified plan, is either a defined contribution or defined benefit plan. 412(i) plans are funded with life insurance and annuity contracts. There’s no limit on contributions to a 412(i) plan, provided it covers the minimum insurance annuity premiums. One advantage of the 412(i) plan: you can make significantly larger annual contributions than under other retirement plans. This, of course, adds protection. Still, a 412(i) plan isn’t for everyone. However, we do recommend it for older self-employed or professionals who earn above $250,000 a year; have few employees; and want significant tax, as well as lawsuit protection benefits.

Categories: Asset Protection
The Presser Law Firm, P.A. - Asset Protection Attorney
Located at 6199 N. Federal Highway Boca Raton, FL 33487. View Map
Phone: (561) 953-1050
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