Warren, Gorham, & Lamont
Executive Compensation Report
- It gives a corporation the opportunity to select and reward any employee to the extent the corporation desires, within reasonable restraints, without applying to the IRS for permission.
- It allows corporate tax deductions that may become greater than the corporate contributions. In fact, the corporate tax savings can become so great that they even exceed the corporate contributions! It sounds incredible, but the figures are realistic and accurate. It's a very feasible plan."
"The Dolgoff Plan serves two ends:
Executive Wealth Advisory
National Institute of Business Management
"Here's a story about human ingenuity and the awesome power of compound interest. Deferred compensation plans have long been used to reward key executives (including shareholder-employees). But such nonqualified plans have two drawbacks. The executive has to wait until retirement to cash in. And the company gets no tax deduction until the payments begin. Some time ago, compensation expert Ralph Dolgoff devised a strategy that overcomes both obstacles."
Glenn R. Haft, CPA, Accredited Tax Advisor
Daniel P. Steinlauf, EA, Accredited Tax Advisor
Haft, Steinlauf & Co.
"When this office first heard about a non-qualifying deferred compensation plan, we were naturally hesitant. We are always looking for a way to show our client base how we can work within the IRS Code to benefit them. We are happy to state The Dolgoff Plan does exactly what it is presented to do. We have instituted the plan for many of our clients. The investment strategy presented by the plan creates not only a fund to pay the tax liability but also creates a vehicle for real growth that additionally benefits the participants. We have used The Dolgoff Plan for a number of years and are so satisfied with the program that we intend to continue using it for each and every client that may appreciate and benefit from it."
Mark McGorry, JD, CFP, CPC, CLU, AEP
Wealth Partners, LLC
New York, NY
"We have had the opportunity to employ The Dolgoff Plan for our clients, both as a management tool for executive recruitment and retention, as well as a Supplemental Executive Retirement Program for owner/employees. Our experience has been nothing short of terrific. Technically, the plan is on solid ground from a tax point of view."