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Originally Posted by l2ridehd
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.
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Thank you, ride,
I just looked up Rabbi Trust, now that you have told me that it is similar. Interesting and a little historic in its origin, too.
In spite of the Rabbi Trust's somewhat possible potential for complications, I can see where it could be a good thing to have the opportunity to be able to use with a solid employer.
I learned something today on TOTV.
