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Old 04-02-2018, 01:22 PM
l2ridehd's Avatar
l2ridehd l2ridehd is offline
Join Date: Dec 2007
Location: Bridgeport At Miona Shores
Posts: 3,375

Originally Posted by Boomer View Post
Good morning, l2ridehd,

Jacobs trust is a new term to me. I gave it a quick Google but I have not found it yet. I like learning stuff about taxes. (I have no idea why I do.)
Hi Boomer. A jacob's trust is a slightly modified version of a Rabbi trust. Very much like a 401K but can be used in addition to a 401K but you must make decisions at least a year in advance of what you will contribute and what and when you will take the distributions. So much more controlled then a 401K. And once you make the decisions they are cast in stone and cannot be changed.
Life is to short to drink cheap wine.

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