AndyH Posted March 21, 2000 Posted March 21, 2000 Although I've been at this for quite a while, I've had little exposure to the restrictions until recently due to the low (but thankfully increasing) CL rates, combined with the RPA mortality. I now have some clients faced with this problem, often takeover plans with previously imprudent funding. I'd be interested in hearing any favorable experiences with bonding or letters of credit. Does this work, and are there reputable financial institutions capable of and experienced with dealing with this within reasonable terms? I wonder in particular about how such an arrangement could be structured without a time limit. How or why would a Bank, for example, agree to an open-ended time limit, other than for a very wealthy HCE with substantial additional invested assets? Any favorable experiences, other than monthly payments, or simply waiting till the ratios improve , which in some cases may take many years? P.S. When will we get spell check on Benefits Boards? [This message has been edited by AndyH (edited 03-24-2000).]
Recommended Posts
Archived
This topic is now archived and is closed to further replies.