two senior IRS officials have publicly raised serious questions about the legality of a pension’s purchase of life insurance, in this case a ‘second-to-die’ policy on the lives of an employee-participant and his wife.
Some financial advisors have seen merit in buying life insurance out of one’s pension plan, using tax-deductible dollars to pay the premiums. We’ve never been great fans of this strategy, arguing instead that a pension presents an extraordinary opportunity to grow wealth on a tax-favored basis. To the extent pension dollars are diverted to fund insurance costs, total investment returns are diluted and the pensionís very purpose is compromised. Senior Reading Glasses Links
Now, two senior IRS officials have publicly raised serious questions about the legality of a pension’s purchase of life insurance, in this case a ‘second-to-die’ policy on the lives of an employee-participant and his wife. The officials insist – as we have long held – that a pension plan is designed to provide retirement benefits. It’s not to be used as an estate planning vehicle. Thus, the purchase of insurance, particularly on the life of someone other than the employee (here, his wife), violates a fundamental requirement for such plans. What’s more, we’ve learned that the IRS position, as it is evolving, would similarly extend to profit-sharing plans.
The IRS officials, in taking their stand, have relied on the “exclusive benefit rule,” which requires that tax-qualified plans be maintained for the exclusive benefit of employees. They reason that maintaining life insurance on someone other than an employee runs afoul of that mandate.
There’s another problem, too. IRS regs require that a pension plan primarily provide systematically for the payment of “definitely determinable” benefits to employees over a period of years after retirement, typically for life. Although the Service has long allowed pensions to offer incidental death benefits which can be funded by life insurance, the IRS, citing a 30-year-old ruling, now seems to hold that maintaining life insurance on an individual other than an employee fails to satisfy the “definitely determinable” standard.
When we get older, nearly all of us will suffer some vision problems. But some seniors are lack of enough Senior Reading Glasses money to get reading glasses. The good news is there are some discount reading glasses for seniors to solve their problems. Undoutedly, preventive eye care is crucial, while a pair of discount reading glasses is also a good alternative for seniors. Preventive eye care is crucial to maintaining good eyesight. See your eye doctor once a year and protect your eyes from the suns ultraviolet rays by wearing quality sun glasses.
A written text should be displayed in at least font size 12; buttons on a cell-phone should be around a quarter of an inch. But not all displays can be changed to assist those with low-acuity. In these cases it is up to each individual to be aware of his or her own surroundings and compensate for low visual acuity in other ways. For example, if a driver has trouble reading the words on a traffic signs, the driver must learn to identify the sign’s shape and color. Cataracts should not be taken lightly; the disease clouds the lens in the eye that affects our vision. As we get older we sometimes develop protein that bundles together and clouds a small area of the lens which over time can grow even bigger and seriously impair our vision. Some symptoms are bad night vision and blurry vision. Fortunately, cataracts can be removed with surgery Senior Reading Glasses if necessary.
Product-designers can account for the loss of visual acuity by increasing an item’s brightness, contrast, and size. In terms Reading Glasses for Senior of visual acuity, elder friendliness is not always elusive.
Nevada has a Disability RX Vision benefit program. The program was developed to give low income seniors and those with verifiable disability assistance with the cost of prescriptions and medications. To be eligible for the program participants must be 62 or older and have one year of continuous residency prior to the date of application in Nevada. Discount reading glasses for seniors are designed to help those old people who have eye problems but not sufficient money to buy Reading Glasses for Senior themselves reading glasses. They are really of great help.
My grandmother is 81 years old,she often forgets things where she puts,two days ago ,she forgot things again ,this time Reading Glasses for Seniors was her reading glass,she looked for it all over her house,at the end ,she was too tired ,and had a sit on her chair,just at moment she sit on the chair,she found herself made a big mistake,her reading glass was on the chair,but it`s too late,the reading glass transfigured.So this time ,she want to buy a pair of unbreakble reading glass.
Seniors are able to preview various types, styles, and features without leaving the house. Along with old and new styles they can learn about the latest advances in lenses which include progressive lenses for the progressive glasses. Progressive lenses are characterized by increasing lens power. They start with less magnification or “lens power,” at the top and reach maximum magnification at the bottom of the lens. This gives the wearer all levels of magnification and creates clearer vision at different viewing distances by merely tilting his or her head slightly. Seniors especially find these types of lenses useful because of the functionality Reading Glasses for Seniors they provide.
Most stylish women in Seniors Reading Glasses Europe wear plastic designer eyewear with subtle rhinestones or crystals on the temple of the earpiece. Cute styles of eyeglasses or reading glasses have two colors (or more) and are a brilliant look, with or without sparkles. Italian style, along with Parisian style, is so far ahead of the states that a woman, who copies the look of European women’s glasses, will have eyewear that is trendy for years.
Buying glasses online could be a good idea. The online glasses stores offering eyeglasses, frames, lense and sunglasses are in plenty and therfore, online eyeglasses shoppers have options to select a right store depending on the price, quality, designs and possibly delivery period. Also, as it is with any other online glasses store for any product, you never have to leave your house or office and with just a few clicks of your mouse, you can get the products delivered right at your doorsteps!
Here are some cute and inexpensive copies of the glorious, beautifully trendy, high-end spectacles seen around Italy recently. The following selections are cheap knockoffs, but no one in Kansas will know the difference. Diabetic Eye Disease: Diabetic eye disease should be taken very seriously, it can actually cause blindness. Many of us with diabetes mellitus may not even be aware that we have the disease. The sudden shifts and changes in blood sugar can cause vision to become very blurry. To combat and possibly prevent diabetic eye disease we should always strive to maintain a proper weight with regular exercise and good healthy eating. Also stay away from smoking at all times. There are all kinds of young, hip, cute reading glasses on the internet. And, American consumers are so lucky to have a rainbow of brands and styles, from Seniors Reading Glasses elegant black to edgy lime green, all easily available. A few of the eyeglass sites will even customize styles.