Live Webinar: The Cash Balance Family Succession Plan - Mar 19, 2024 - Conway Center for Family Business

Live Webinar: The Cash Balance Family Succession Plan

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Name: Live Webinar: The Cash Balance Family Succession Plan
Date: March 19, 2024
Time: 1:00 PM - 2:00 PM EDT
Event Description:

Succession planning can pose many different challenges. Our panelists will discuss figuring out how the next generation comes up with the proceeds to buy out the leading gen sellers.  A cash balance plan can help solve that problem by contributing business revenue to pre-tax cash balance accounts, most of which benefit the leading gen, but to some extent benefiting other employees, too.  The liability reduces the value of the business and thus cash and loan proceeds buyers need to come up with.  The sellers, while receiving a lower purchase price, make up for that by receiving payments from their cash balance accounts, which also could be rolled over to an IRA.  In that way, the cash balance plan benefits the buyers and sellers.  We will discuss in more detail how this strategy works and which companies would be good candidates for this strategy.

Michael Beers, CIMA®, CRPS®, C(k)P® ,The Fortis Group at Morgan Stanley
Jim Bishop, RICP® CDFA® QPFC®, Morgan Stanley

Greg Daugherty, Porter Wright
Michael Davis, CFP
®, Creative Retirement Solutions


REGISTER now and join us for this live webinar on Tuesday, March 19. You'll have the opportunity to submit questions to the panelists during the session and view a recording post session.  If you can't attend the live session, register anyway and we will send you the recording!


We will be using ZOOM -  an email will be sent to you with the registration confirmation and log-in information from ZOOM for the webinar.

** If you are new to ZOOM, you can test your device here:

Note that this webinar will be listen-only mode for attendees so only video will be enabled for the presenters, but you can test your sound using this test link.  You will have the ability to ask questions via the chat or Q&A function on Zoom.
Date/Time Information:

Tuesday, March 19
1:00 p.m. - 2:00 p.m.

Webinar ID: 892 5817 8726

Contact Information:
Amy Dotts, COO & Events Manager
Free to Conway Center members and their employees.  REGISTER now!

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