Section 79 Plan Rescue
I can’t tell you the number of people who have called me and said they read some of my articles online and wondered if I could help them get out of their Section 79 Plans.
Rescuing a plan is tough. Understand that you were talked into buying a terrible cash value life insurance policy that is designed to be terrible for five years so the deduction you’re able to take is greater (sounds really dumb when I put it that way vs. the way a 79 salesperson sells it).
There are two ways to potentially rescue a Section 79 Plan.
One option over the other will make more sense depending on how long you’ve been funding it.
I don’t have a lot of trade secret stuff, but I would like to keep my Section 79 Plan rescue information off of the web.
If you would like to discuss rescuing your Section 79 Plan, please e-mail me at firstname.lastname@example.org and we’ll schedule a call to go over your options.