December E-news Update      
Kaeding, Ernst & Company


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Economic Outlook - "...the stock market and the economy are in lock step to better times."


Regulatory Statement on Purchase and Risk Management of BOLI
An interagency statement on bank-owned life insurance (BOLI), OCC Bulletin 2004-56 was released December 7, 2004. "The new bulletin provides a tremendous amount of detail and support when considering BOLI purchases and analyzing existing purchases.


New Nonqualified Deferred Compensation Legislation
"...this legislation makes dramatic changes to the tax rules for virtually all nonqualified deferred compensation arrangements."


Inside the Byline - Learn about our leading investment industry contributors Clark Reed and John Blair.

See you in 2005!

For more information, contact Ross Freedman or visit www.kaedingco.com.

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Kaeding, Ernst & Company
65 Boston Post Road, West, Suite 350
Marlboro, MA 01752

 
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