dmb Posted March 26, 2002 Posted March 26, 2002 I have a client who is over 65 years old and currently receiving monthly payments from a defined benefit plan from his prior employer, where he was a common law employee. He is currently retired and does some contract work and has schedule C income. If i was to set up a Defined Benefit plan for his contract work, would the benefit have to be offset by the benefit he is currently recieving?? Thanks.
david rigby Posted March 26, 2002 Posted March 26, 2002 No. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
dmb Posted March 26, 2002 Author Posted March 26, 2002 Thanks. I knew that it was ok, but something was telling me to make sure. Thanks again.
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