Tag Archives | retirement planning

Dan Zajac, philadelphia financial advisor

Is a Non-Qualified Deferred Compensation Plan a Good Deal?

It’s common for employees that earn considerable income to be offered a non-qualified deferred compensation plan (NQDC). Simply put, an NQDC plan allows a plan participant to defer receiving a portion of income in the year it is earned, to later receive this income in the future. The deferral of income is also, in effect, […]

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NUA and Net unrealized appreciation

What Is Net Unrealized Appreciation?

Net unrealized appreciation is an underused and often unknown tax planning opportunity for those who own company stock inside a 401(k) plan. For many of the employees that participate in an employer-sponsored 401(k) plan, the assumption is that when money is withdrawn from the plan, it will be taxed at ordinary income tax rates. For […]

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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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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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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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Retire on 1 million dollars

Why My $1MM May be Greater than Your $1MM

Saving one million dollars (1MM) is a big deal.  One million dollars is a lot of money.  For many, seeing that seven-figure number is an instant sign of success. For those who have reached the million-dollar mark before retirement, you should give yourself a pat on the back.  You are among the lucky few.  In […]

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