Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
Compass
|
AimPoint Pension
|
Bates & Company, Inc.
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Retirement Funds Vanish as Bankruptcies Hit Tax-Deferred Scheme
Bloomberg Sept. 12, 2007
Excerpt: [Hundreds of investors] lost the proceeds of property sales because two companies went bankrupt during criminal investigations. The two were among thousands of mostly unregulated U.S. firms that hold money between commercial-property sales. Their collapse led to dozens of lawsuits and calls for regulation. The intermediaries are known as 1031 exchanges, named for a provision of U.S. tax law that defers capital gains taxes if the seller of a property buys another like it within six months.
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |