Hear Jameson's Story: The Financial Planner Who Changed Everything with SRA 831(b) Plan
Channel: SRA 831(b) Admin
Date: 2022-06-14

As an advisor, I would encourage everybody to look at this tax code. There’s no reason why the 831(b) shouldn't be as big and broad as the 401(k) Plans are. 

Giving the business owner the ability to use their money for building their business, for protecting their business rather than just one purpose of retirement after 59 and a half.

Summary: 
Jamison Fernie, an Advanced Market Specialist at a financial planning firm, shares his experiences of working with SRA over the past 10-15 years. Utilizing the reinsurance plan in their daily operations, he commends the wide applicability of the plan to various client needs and business types.

Fernie explains that they recommend SRA to successful and growing clients, who aim to improve their firms and provide better services to their customers. Despite initial skepticism about the longevity of the 831(b) plan, he highlights how the Covid-19 pandemic has validated its usefulness, with the tax deduction being an additional benefit to clients who primarily seek to protect their businesses.

He simplifies the concept of the 831(b) plan by comparing it to a 401(k) plan and reassures clients of its legality and safety, citing its place in the tax code. He asserts that any potential changes to the code would likely benefit clients by reducing abuse of the plan.

Expressing confidence in the potential breadth of the 831(b), Fernie envisions it becoming as popular as 401(k) plans, providing business owners with more flexible use of their funds.

He appreciates the fact that SRA's plan was developed by a property and casualty insurance agent, Van Carlson, rather than attorneys. He believes this insurance-focused approach results in genuine insurance coverage, setting SRA apart from competition that merely emphasize tax deductions and planning.

Finally, Fernie commends the working relationship they've developed with SRA, appreciating the personal rapport built with the founders and other members of the SRA team.
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What's an 831(b) Plan? Find out with these videos:
https://www.youtube.com/watch?v=mTFDgnFlePM&list=PLpuCIrXa7hhUyLG1BMIo5HMBWuJUeFDxu
https://youtube.com/playlist?list=PLpuCIrXa7hhUyLG1BMIo5HMBWuJUeFDxu

How can I use 831(b) Plan? Watch these videos:
https://www.youtube.com/watch?v=KXb8IitMKfI&list=PLpuCIrXa7hhUwkv5mG0e2g6M-KTwCfqLz

Who's using 831(b) Plans and Why? Hear it from our clients:
https://www.youtube.com/watch?v=sdT2LkHCwdY&list=PLpuCIrXa7hhV0pOSqrmdbDXjuMpSMh0V7

What's the news about 831(b) Plan? Find out here: 
https://www.youtube.com/watch?v=XVV7bM9dUPI&list=PLpuCIrXa7hhWyNgKBqCypFKxz7a3xKEGo

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Find out more about SRA 831(b) insurance plan and how you can protect your income and your business when the what-if happens.

Visit https://www.831b.com/
A Financial Planning Advisor's Testimonial: Jameson Ferney's Full Testimony on SRA 831(b) Plan


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