About Veba HealthCare.com
Our firm is the nation's leading authority on Veba plans, Retiree health benefit plans,
Employee benefit association plans, Welfare benefit funds, and other pension and
retirement plans for corporations, states and municipalities.
Listen to Lance Wallach discussing VEBA's and health care costs on National Public
Radio's show "All Things Considered". Click here to listen.
Our firm is the nation's leading authority on Veba plans, Retiree health benefit plans,
Employee benefit association plans, Welfare benefit funds, and other pension and
retirement plans for corporations, states and municipalities.
Listen to Lance Wallach discussing VEBA's and health care costs on National Public
Radio's show "All Things Considered". Click here to listen.
 | What We Do |
- Plan reviews & evaluations
- Plan compliance consulting
- Healthcare cost reduction strategies
- Research & analysis of plan regulations
- Captive insurance companies
- Plan reporting for financial statements
- Corporate tax reduction strategies
President & CEO,
Lance Wallach
Lance Wallach
- Member of the
AICPA faculty of
teaching
professionals. - AICPA author,
instructor &
national speaker. - National Society of
Accountants
Speaker of the Year. - Writes financial
articles for over 50
national
publications.
Our other Veba
web sites:
VebaPlan.com
FinanceExperts.org
web sites:
VebaPlan.com
FinanceExperts.org
| Veba HealthCare.com A Veba Plan LLC site |
Veba Health Care.com
68 Keswick Lane
Plainview, NY 11803
ph: 516-938-5007
fax: 516-938-6330
Email:
LaWallach@aol.com
68 Keswick Lane
Plainview, NY 11803
ph: 516-938-5007
fax: 516-938-6330
Email:
LaWallach@aol.com
 |
 |
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Letter to Lance Wallach from Ford Motor benefits representative:
Fri, 11 Jan 2008
Subject: VEBAs
Dear Mr. Wallach,
It as a pleasure speaking with you this afternoon. I appreciate the time you
spent listening and the giving of your advice.
Next week, we, a small splinter union (IAM) within a large Ford Motor
facility, at Cleveland Casting Plant will be negotiating our contract. This site
is mostly represented by the UAW who have already consummated their
contract with Ford Motor Company, and has accepted the VEBA option for
their retirees. Their VEBA will be run by the UAW and whoever they decide
to confide in to execute the health care benefit and the investments with
the millions that Ford Motor will hand over to them, and then Ford will wash
their hands of any more health care responsibilities.
Our IAM negotiations start Jan. 14th. The small group of individuals that will
be across the table from the experts representing Ford Motor, are
comprised of a few elected people that are Pattern Maker/Machinist by
trade. We have no one of any particular expertise in finance, healthcare,
or investment. We are expected to come to terms with little, to no
knowledge or leverage of the task set before us. We have 1300 peoples
lives that will be affected by these negotiations. It is a shame that the larger
unions will not step up to the plate and help with the terms that we are
faced with. Ford Motor will use this to their advantage to squeeze a few
more dollars out of our pockets..
Thank you again for your generous contribution of foresight and
knowledge to the concerns facing the American workers in this globalistic
battle for the bottom line.
Sincerely,
Mark A. Gwynn
IAM Benefits Rep.
Ford Motor
Cleveland Casting Plant
Fri, 11 Jan 2008
Subject: VEBAs
Dear Mr. Wallach,
It as a pleasure speaking with you this afternoon. I appreciate the time you
spent listening and the giving of your advice.
Next week, we, a small splinter union (IAM) within a large Ford Motor
facility, at Cleveland Casting Plant will be negotiating our contract. This site
is mostly represented by the UAW who have already consummated their
contract with Ford Motor Company, and has accepted the VEBA option for
their retirees. Their VEBA will be run by the UAW and whoever they decide
to confide in to execute the health care benefit and the investments with
the millions that Ford Motor will hand over to them, and then Ford will wash
their hands of any more health care responsibilities.
Our IAM negotiations start Jan. 14th. The small group of individuals that will
be across the table from the experts representing Ford Motor, are
comprised of a few elected people that are Pattern Maker/Machinist by
trade. We have no one of any particular expertise in finance, healthcare,
or investment. We are expected to come to terms with little, to no
knowledge or leverage of the task set before us. We have 1300 peoples
lives that will be affected by these negotiations. It is a shame that the larger
unions will not step up to the plate and help with the terms that we are
faced with. Ford Motor will use this to their advantage to squeeze a few
more dollars out of our pockets..
Thank you again for your generous contribution of foresight and
knowledge to the concerns facing the American workers in this globalistic
battle for the bottom line.
Sincerely,
Mark A. Gwynn
IAM Benefits Rep.
Ford Motor
Cleveland Casting Plant
| Expertise: "Mr. Wallach, thanks so much for taking the time to talk to me today about VEBAs. Any information you can send me would be helpful. Hopefully, we can work together in the future as interest in VEBAs increase." Corman G. Franklin Office of the Assistant Secretary for Policy U.S. Department of Labor |
Sep 18, 2007
Subject: Re: VEBA education
Mr. Wallach,
Thank you so much. I will read this material and if I have any questions I
will call. I do have one very important question that comes to mind - Have
you ever seen a VEBA go bad and if so, how could it have been
prevented? I know like some mutual funds do not last and if this program
is based on investment, there is a very real possibility that the funds could
loose significant amounts. Is there a safe guard to this problem?
Dixie Price
U.A.W. Communication Coordinator
270.745.8141
U.A.W. Local 2164
712 Plum Springs Loop
Bowling Green, KY 42101
| Looking to buy or sell an accounting practice? Lance Wallach Practice Network here |
Organizational Information:
Information on Our Services
Accounting Practice Division
SSI & Disability Facts You Should Know
SSI & Disability Advocates
Insurance Annuities Information
Life Insurance Information
Multinational Information
International Tax Audit Information
Finance Experts:
Join Finance Experts
Additional Websites:
TaxAudit419.com
Lawyer4Audits.com
TaxLibrary.us
IRSDog.com
VebaPlan.org
VebaExpert.com
VebaInsurance.com
VebaFund.com
VebaPlans.com
RetireeHealthcare.com
Books:
The Team Approach to Tax, Financial &
Estate Planning
Protecting Clients from Fraud,
Incompetence and Scams
Articles:
Get on the Winning Side for your Audit
Insurance Agents: 412i Fines Can Exceed
$200K
Finding the Right Experts
Abusive Insurance and Retirement Plans
A Few Successful Resolutions
Red Flagged insurance Plans
Foreign Swiss Accounts Deadline
Fines on Small Businesses and Benefit
Plans
Get Sued!
How to Get Fined by the IRS
Abusive Welfare Benefit Plans
IRS Small Business & Self Employed
Listed Transactions
IRS Attacks Small Businesses
Regaining Lost Confidentiality Offshore
Trusts
Information on Our Services
Accounting Practice Division
SSI & Disability Facts You Should Know
SSI & Disability Advocates
Insurance Annuities Information
Life Insurance Information
Multinational Information
International Tax Audit Information
Finance Experts:
Join Finance Experts
Additional Websites:
TaxAudit419.com
Lawyer4Audits.com
TaxLibrary.us
IRSDog.com
VebaPlan.org
VebaExpert.com
VebaInsurance.com
VebaFund.com
VebaPlans.com
RetireeHealthcare.com
Books:
The Team Approach to Tax, Financial &
Estate Planning
Protecting Clients from Fraud,
Incompetence and Scams
Articles:
Get on the Winning Side for your Audit
Insurance Agents: 412i Fines Can Exceed
$200K
Finding the Right Experts
Abusive Insurance and Retirement Plans
A Few Successful Resolutions
Red Flagged insurance Plans
Foreign Swiss Accounts Deadline
Fines on Small Businesses and Benefit
Plans
Get Sued!
How to Get Fined by the IRS
Abusive Welfare Benefit Plans
IRS Small Business & Self Employed
Listed Transactions
IRS Attacks Small Businesses
Regaining Lost Confidentiality Offshore
Trusts
Reduce Post-Employment Liability
GM Veba
ATT Verizon Retiree Plans
GM's Exchange Offer
Detroit Press UAW
VEBA-UAW Agreement
GM Veba Q&A
Guide to Premium Financing
Captive Insurance & Tax Reduction
Strategies
Biotechnology Healthcare
Reduce Costs, Plan Your Estate
Retirement Plans Can Lead to Severe
Penalties
Avoid Exhorbitant IRS Fines
IRS Audits 412i Defined Benefit Plans
Is Your Life Insurance Going Out Of
Business
Achieve Large Cost & Tax Reductions
Changes in 412 and 419 Plans
Accountants, Small Business Owners
Fined by IRS
NATP Members Propose New Tax Law
Changes
Retirement Plans Coming Under IRS
Scrutiny
Avoid Exposure to Severe Penalties
Review Your 401k Plan
Borrowing From Retirement Plans
Abusive Plans
CMS/IRS Scrutinize Plans
Courses:
AICPA CPE Self-Study Course
CPA's Guide to Life Insurance Course
Blogs and Videos:
AICPA Interview Video Link
Lance's Blog Link
BlogTalkRadio Link
FlashVideo Link
NPR Link - GM Story
Toolbox for Finance Link
419 & 412 Abusive Plans Blog Link
Finding the Right Experts Blog Link
Metacafe Blog Link
Metacafe How to Fight Penalties Article Link
Metacafe Watchdog, IRS Penalties, Audits
Articles Link
GM Veba
ATT Verizon Retiree Plans
GM's Exchange Offer
Detroit Press UAW
VEBA-UAW Agreement
GM Veba Q&A
Guide to Premium Financing
Captive Insurance & Tax Reduction
Strategies
Biotechnology Healthcare
Reduce Costs, Plan Your Estate
Retirement Plans Can Lead to Severe
Penalties
Avoid Exhorbitant IRS Fines
IRS Audits 412i Defined Benefit Plans
Is Your Life Insurance Going Out Of
Business
Achieve Large Cost & Tax Reductions
Changes in 412 and 419 Plans
Accountants, Small Business Owners
Fined by IRS
NATP Members Propose New Tax Law
Changes
Retirement Plans Coming Under IRS
Scrutiny
Avoid Exposure to Severe Penalties
Review Your 401k Plan
Borrowing From Retirement Plans
Abusive Plans
CMS/IRS Scrutinize Plans
Courses:
AICPA CPE Self-Study Course
CPA's Guide to Life Insurance Course
Blogs and Videos:
AICPA Interview Video Link
Lance's Blog Link
BlogTalkRadio Link
FlashVideo Link
NPR Link - GM Story
Toolbox for Finance Link
419 & 412 Abusive Plans Blog Link
Finding the Right Experts Blog Link
Metacafe Blog Link
Metacafe How to Fight Penalties Article Link
Metacafe Watchdog, IRS Penalties, Audits
Articles Link
| TaxAudit419.com Lawyer4audits.com VebaPlan.org Taxlibrary.us LanceWallachchfc.blogspot.com The Lance Wallach Network Follow me on facebook & twitter Copyright (C) 2010 - Lance Wallach |
| Additional Links for Lance Wallach |