This Month's Highlights
Executive Bonus Planning
Discover how Section 162 Executive Bonus Plans can help reward key employees while creating long-term financial security.
Business Tax & Wealth Strategies
Explore planning concepts designed to help improve cash flow, protect assets, and build tax-efficient wealth.
Estate Planning Education
Join us for our complimentary educational classes covering wills, living trusts, probate, powers of attorney, and legacy planning.
Stronger Businesses Lunch & Learn
Connect with industry professionals and learn practical strategies for executive benefits, HR solutions, business tax planning, and employee retention.
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Executive Bonus Plans: A Powerful Strategy to Reward & Retain Your Best Employees
Finding and retaining exceptional employees has become one of the biggest challenges facing today's business owners. With rising compensation expectations and increased competition for experienced professionals, many companies are seeking executive benefit strategies that go beyond traditional salary increases and qualified retirement plans.
One increasingly popular solution is the Section 162 Executive Bonus Plan—a flexible strategy that allows employers to selectively reward key executives while helping them build long-term financial security through permanent life insurance.
Recent industry research continues to highlight Section 162 Executive Bonus Plans as an attractive alternative or complement to traditional retirement plans for privately held businesses.
Why Business Owners Are Taking Notice
Unlike traditional qualified retirement plans, Executive Bonus Plans allow employers to reward selected executives or key employees without extending the same benefit to every employee.
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Employer Advantages
✅ Tax-deductible bonus payments (subject to IRS rules)
✅ Helps recruit and retain top-performing talent
✅ Flexible contribution amounts
✅ No ERISA nondiscrimination testing
✅ Minimal administrative requirements
✅ Can supplement existing retirement plans
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Employee Advantages
✔ Personally owned permanent life insurance
✔ Tax-advantaged cash value accumulation (when properly structured)
✔ Income tax-free death benefit for beneficiaries
✔ Potential supplemental retirement income
✔ Portability—even after changing employers
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💼 Business Planning Corner
Is Your Executive Compensation Package Competitive?
The best employees expect more than just competitive salaries.
Consider incorporating:
• Executive Bonus Plans (Section 162)
• Key Person Life Insurance
• Buy-Sell Agreement Funding
• Deferred Compensation Strategies
• Executive Disability Income Protection
• Premium Financing Solutions
• Business Succession Planning
• Tax-Efficient Retirement Strategies
The right executive benefit strategy can improve employee retention while protecting the long-term value of your business.
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📊 Financial Insight-The Cost of Losing Key Talent
Industry studies estimate replacing a key executive may cost 50% to 200% of that employee's annual salary, once recruiting, onboarding, lost productivity, and institutional knowledge are considered.
A thoughtfully designed executive benefits package may provide one of the highest returns on investment available to business owners.
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🏦 Premium Financing
Leverage Bank Financing to Build Long-Term Wealth
Premium financing can help qualified business owners and high-net-worth individuals leverage bank financing to fund strategically designed life insurance solutions while preserving working capital. When appropriately structured, this strategy may enhance cash flow, support estate planning objectives, provide executive benefits, and create tax-efficient wealth transfer opportunities.
Ideal for:
- Business owners and executives
- Estate and legacy planning
- Executive compensation strategies
- High-income professionals
- Individuals seeking to preserve liquidity while building long-term wealth
Discover how premium financing may help you maximize opportunities without tying up significant capital.
Premium financing strategies are subject to underwriting, lender approval, and individual financial qualifications. Consultation with legal and tax advisors is recommended.
| | Upcoming Educational Events | |
Stronger Businesses. Smarter Solutions.
Join us on Monday, August 11, from 11:30 AM–1:30 PM for a complimentary Lunch & Learn designed specifically for Business Owners, Executives, HR Professionals, and Office Managers.
Discover practical strategies to help your business grow while supporting your employees, including:
Competitive Group PPO Health Plans with nationwide networks including Cigna, Anthem, PHCS & First Health
HR Compliance, Payroll & PEO Solutions from OneDigital
Executive Bonus Planning, Premium Banking Finance, Business Succession & Tax-Efficient Wealth Strategies from FIG Wealth Partners
Whether your business already offers employee benefits or you're exploring new ways to strengthen your organization, you'll leave with actionable ideas and valuable resources to help your company thrive.
📅 Monday, August 11
🕦 11:30 AM – 1:30 PM
📍 Regus Building • 6100 Fairview Road • Charlotte, NC
🎟️ Limited Seating – Register Today!
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🏛️ Estate Planning Seminar – Protect What Matters Most
Have you created a plan to protect your family, your assets, and your legacy?
Join Steven Crawford, MBA, Certified Financial Fiduciary®, for a FREE educational Estate Planning Seminar designed to help individuals and families make informed decisions before life’s unexpected events occur.
You'll learn about:
- ✔️ Wills vs. Living Trusts
- ✔️ How to Avoid Probate
- ✔️ Powers of Attorney & Healthcare Directives
- ✔️ Protecting Your Home and Assets
- ✔️ Beneficiary Planning & the SECURE Act
- ✔️ Strategies to Help Preserve Your Family's Wealth
Choose the Date That Works Best for You
📅 Thursday, July 30 | 6:30 PM
📍 Queens University of Charlotte
McEwen Hall – Room 120
OR
📅 Tuesday, August 4 | 6:30 PM
📍 Queens University of Charlotte
McEwen Hall – Room 114
Whether you're just getting started or need to update an existing estate plan, this seminar will provide valuable insights to help you protect the people and assets you care about most.
🎟️ Reserve Your Seat Today:
Space is limited, so early registration is encouraged.
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📞 Complimentary Business Strategy Consultation
Whether you're looking to:
✔ Reduce business taxes
✔ Reward and retain executives
✔ Protect your company
✔ Improve retirement planning
✔ Prepare for business succession
✔ Create a legacy for your family
We're here to help.
Schedule your complimentary Business Strategy Consultation today
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About FIG Wealth Partners
Helping Business Owners Build Wealth • Protect Assets • Create Lasting Legacies
At FIG Wealth Partners, we help entrepreneurs, professionals, and closely held businesses navigate today's financial challenges with customized strategies focused on protection, tax efficiency, executive benefits, retirement planning, and legacy preservation.
Planning today for the success of tomorrow.
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💬 Take the Next Step
Whether you're planning for your business, protecting your family, or building long-term wealth, FIG Wealth Partners is here to help you navigate today's opportunities with confidence.
Schedule a Complimentary Strategy Consultation
📞 Steven Crawford, MBA
Certified Financial Fiduciary®
980.486.0250
📧 Book An Appointment
🌐 www.FIGWealthPartners.com
Helping Business Owners Build Wealth • Protect Assets • Create Lasting Legacies
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Important Disclosure
FIG Wealth Partners, LLC and Advanced Tax Planners are not certified public accounting firms, CPA firms, or law firms and do not provide tax, legal, or accounting advice. We work in collaboration with independent, qualified CPAs, tax professionals, and licensed attorneys to assist clients in evaluating and implementing appropriate planning strategies.
The information contained in this newsletter is provided solely for educational and informational purposes and should not be construed as tax, legal, accounting, investment, or financial advice.
Before implementing any strategy discussed, you should consult with your own CPA, tax advisor, attorney, and other qualified professionals. You may also choose to engage one of our affiliated professionals to assist with implementation.
Strategies discussed are based on current laws, regulations, and interpretations, all of which are subject to change. Individual circumstances vary, and no strategy is appropriate for every situation. Any projections or illustrations are hypothetical and are not guarantees of future performance or results. Past performance does not guarantee future outcomes.
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