Archive | Financial Planning

Planning for retirement and wealth management

Dan Zajac, philadelphia financial advisor

How to ROTH IRA at Any Age or Income

ROTH IRAs can be a fantastic part of any financial plan. In fact, they can be a good fit for savers both young and old, pre-retirees and retirees, and low and high wage earners. This is because ROTH IRAs aren’t a one-size-fits-all model. They have features that can benefit any age and any demography. But […]

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What Is a QLAC and Why Do Longevity Annuities Matter?

Qualified longevity annuity contracts, or QLACs, allow an account owner to make contributions into an annuity contract and then defer income and distributions for years, with the intent of receiving an income at a future date. As a result of forfeiting access to the funds prior to receiving income, the contribution to the QLAC is […]

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Dan Zajac, philadelphia financial advisor

Why Your Social Security May Be Taxed More Than You Think

For many of those now receiving Social Security after decades in the workforce, it’s eye opening when they realize that Social Security may be taxable upon receipt. In fact, depending on how much other taxable income you have in retirement, anywhere from zero to 85% of your Social Security income may be taxable. Most articles […]

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retirement planning, saving for retirement

8 Easy Ways to Save for Retirement

Forcing yourself to save enough for retirement can be difficult. You’re taking money that you earned… money that you worked hard for… money that you could certainly put to good use now, and stashing it away for an unknown future need at an unknown future date. However, do you know what’s worse than giving up […]

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should i buy term or buy permanent insurance

The Game Changer for Buy Term and Invest the Difference

Should you buy term insurance and invest the difference or buy a permanent insurance policy? This question is amongst one of the most common in the financial services community. Depending on whom you talk to, it’s likely that you will find passionate supporters on either side of the argument.  Financial advisors with an investment bias […]

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401k and retirement planning

7 Steps to an Awesome 401(k)

The 401(k) plan could arguably be the single best retirement vehicle that savers and investors have at their disposal.  In fact, for many people, the 401(k) will make up a significant part of their retirement income.   Some studies suggest that Social Security will act as the single-largest retirement source for many.  One study suggests that […]

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Biggest Financial Mistakes

7 Top Financial Planning Mistakes… And How to Fix Them

Financial planning, at its core, can be quite simple.  Successful financial planning is often the result of making a series of conscious and intentional decisions over and over again.  The longer you make these simple commitments, the greater your likelihood of success. Unfortunately, this simple definition is complicated by a number of things, ranging from […]

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Social security increases

The 2016 Social Security Cost of Living Adjustment Perspective and a Glimmer of Hope in 2017

It’s official. Social Security recipients will not receive a benefit increase in 2016. Another year with no Social Security cost of living adjustment. Ugh. For 34 straight years, the Social Security Administration increased benefit payments. That streak came to an end in 2010 when they announced there would be no benefit increase. Since then, it’s happened […]

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