Archive | Retirement Planning

Plans to grow your retirement accounts

Dan Zajac, philadelphia financial advisor

What is a Roth Conversion and Why I Love It

Roth IRAs may be fantastic financial planning and investment vehicles for many reasons.  Specifically, their tax-deferred growth and tax-free income features make them particularly attractive to savers of all ages and incomes. Unfortunately Roth IRAs were not always a readily available option for everyone.   In fact, the rules for contributing to a Roth IRA were […]

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how to you pay tax on an annuity

How and When Your Tax Deferred Annuity Becomes Taxable

Annuities, as I have mentioned before, are a hot topic in the financial planning community right now. I can find plenty of financial advisors that love annuities, but I can also find plenty of others that hate annuities. Love annuities or hate them, I believe that most financial advisors will agree they can be complex.  […]

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If You Knew You Weren’t Saving Enough for Retirement, Would you Change?

Saving for retirement can be difficult for many reasons. Pair the uncertainly of prognosticating the future with the need for delayed gratification (saving your hard-earned money rather than spending it), and it’s easy to understand why so many people fail to save enough. In fact, studies have suggested that 1 in 3 Americans have zero […]

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How Do i know if i have enough to retiree

How Much Money Does it Take to Retire?

Retirement planning conversations often begin with a simple question: how much money does it take to retire?  This simple question bubbles to the top for nearly every pre-retiree. It’s a simple question, but not such a simple answer. The answer is a complicated mixture that should account for a number of variables.  Some of these […]

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Catch up to retirement

8 To Dos in the 10 Years before Retirement

Planning for retirement can be difficult. With so many moving parts and so many big decisions, retirement can be overwhelming for even the most easy-going of us all. One way to make the potentially stressful time a little less crazy is to plan. Plan often and plan thoroughly. In fact, a successful retirement plan often […]

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Maximize Social Security

Factors to Consider when Delaying Social Security to age 70

If you want to maximize your monthly Social Security benefit, it may make sense to wait to collect your benefits until you are 70 years old.  At 70 years of age, your Social Security benefit maxes out.  This means that there is no point in waiting any longer to collect.  Your benefit is not going […]

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Cash Balance Plans - a way to defer more into retirement

Will My Social Security Income Be Taxed In Retirement?

Social Security income is an important piece of nearly every retirement plan.   But what many don’t realize, is that your Social Security income may be taxable income to you upon receipt. How much of your Social Security is taxed is subject to a number of different factors. Paying Into the System Just like the rest […]

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It's never a bad time to look at your retirement plan

The Impact of Taxes and Your Retirement

As if retirement planning isn’t already hard enough, enter income tax planning.  Ideally, the two should go hand in hand, but that’s not always the case.  When it comes to withdrawing from your investments, I can think of a number of different taxes that may impact your retirement, your investments, your deductions, and ultimately your […]

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