• Direct Recognition Variable Investment Plan (“DR-VIP”)

  • Nov 3 2021
  • Length: 9 mins
  • Podcast

Direct Recognition Variable Investment Plan (“DR-VIP”)

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  • Summary

  • Interested in a retirement plan with higher limits than a 401(k) and profit-sharing plan? If so, a DR-VIP plan may be for you. A DR-VIP plan is a qualified retirement plan designed for business owners and professionals who seek high deductible contributions in excess of the defined contribution plan limits. The plan combines the best features of defined contribution plans and defined benefit plans.

    Listen to Chris Lewis, a Tax Partner in the Firm’s Private Client Services group and Mark Maund, a Senior Financial Advisor in Cherry Bekaert Wealth Management LLC, as they discuss the attributes of Direct Recognition Variable Investment Plans.
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