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Richard E. Pummill, CLU, QPA, QKA – President, Retirement Plan Administration
Rick is one of the original founders of Miami Valley Pension, LLC and has worked over 25 years in the development, management, and administration of qualified retirement plans. His years of experience have exposed him to all facets of plan administration. He has assisted thousands of business owners and their advisors in identifying opportunities to help management achieve their objectives. Rick focuses on business development and a wide range of qualified plan issues. He is also responsible for the daily operation of the retirement plan division.
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Rick received his Chartered Life Underwriter designation from the American College and the Qualified Pension Administrator and Qualified 401(k) Administrator designations from the American Society of Pension Professionals and Actuaries.
Rick is an active member of the American Society of Pension Professionals and Actuaries and the Dayton Employee Benefits Group. He also serves as treasurer for several local non-profit organizations.
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2008 Tax Law Changes
- SECTION 179 maximum deduction increases to $250,000. Phase-out threshold increases to $800,000.
- STANDARD MILEAGE RATE for business driving increases to 58½ ¢ a mile. Rate for medical and moving mileage increases to 27¢ a mile. Rate for charitable driving remains at 14¢ a mile.
- ESTATE TAX top rate remains at 45%, and the exemption amount remains at $2 million. The ANNUAL GIFT TAX EXCLUSION remains at $12,000.
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