Jump to content

section 72 plan

bruce bruinsma

Recommended Posts

A missionary organization has been putting monies into what is described as a Section 72 plan. The organization is chartered as a church.

The monies are contributed after tax and apparently grow tax deferred.

Advantageous because of the overseas exclusion allowance.

I am not familiar with this type of plan and am wondering if it is part of old deferred comp approaches, etc.

Also, what can be done with the monies other than indivisual distribution? Rollover to IRA, 403b, etc.

Thanks for your help.

Bruce :)

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...