There is usually an agreement between the person and the trustee that this will happen. But you certainly don't want it written down.
More Quotes from David Bergmann:
If Progressive Nursing is a nurse-staffing service, she might be able to do this. If it is a bona fide employer-employee relationship that cannot be structured as a self-employment relationship and it has no employer-sponsored retirement plan, then she is stuck using IRAs and savings vehicles.David Bergmann
I don't pay a health and safety fee to restaurants. If they want to raise the price of the meal, that's fine. But customers shouldn't order something and not know what is going into the bill.
David Bergmann
If you got a fat severance check at the end of the year, take a look and make sure you are in the same tax bracket.
David Bergmann
She should make the highest allowable contribution. This year, the federal limit is 11,000, and it increases annually until it reaches 15,000 in 2005.
David Bergmann
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