Weighing 2 pros… and 6 cons.
By Marc Rosenberg
Retirements & Buyouts
Ninety-nine percent of all CPA firms’ retirement benefits are unfunded. (This excludes the many instances where firms carry life insurance on partners because it only covers retirement in the case of death).
MORE ON RETIREMENT: Vesting Can Cover Part-Timers, Too | Retirement Vesting: The Devil’s In the Details | Compromise Is In Order for Some Goodwill Payouts | If Clients Leave, Do You Reduce Retirement Benefits? | Why You’ll Get Less from Your Partners in a Buyout than You Might by Selling the Whole Firm | The Multiple of Compensation Method, Fully Explained | Clients Leaving? Time to Reduce Retirement Benefits | How to Set Terms and Limits for Goodwill Payouts | 4 Ways to Decide How to Pay Out Capital | Partners May Balk at Guaranteeing Retirement Obligations
There are two types of funding:
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