Good Financial Read: Retirement Considerations

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    Retirement Considerations

    Unqualified Deferred Compensation Plans – Everything You Need To Know

    by Danny Michael, Satori Wealth Management

    A deferred compensation plan is a retirement plan that allows employees to defer part of their compensation until a later date. Common types that you may already be familiar with are 401 (k) and 403 (b) plans. However, if you are a key employee, your employer may offer one or more unqualified deferred compensation plans (NQDCs).

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    Maximize the use of your retirement savings

    by Joe Morgan, Best Financial Life

    I know retirement plans can be confusing, but they are very powerful tools for saving tax in a tax-optimized manner.

    The popular way

    Make tax-deductible contributions to your 401k, 403b, or other retirement plan.

    [Watch the Video]

    Fund with a target date: advantages and disadvantages

    by Robert Stoll, Financial Design Studio

    Target date funds are a popular way to invest money these days. You can usually find these funds on your company’s 401 (k) plan, or maybe yours 529 College Savings Plans for Children. They are often called something like “target date 2040”. The year is tied to the time frame of your goal.

    [Watch the Video]

    The mysterious TIAA Traditional Annuity

    by Jim Bradley, Penobscot Financial Advisors

    Any company that works as intensely with a higher education clientele as we do needs to familiarize themselves with one of the most interesting life insurance and annuity companies, the Teachers Insurance and Annuity Association, or TIAA.

    [Read the Full Article]

    Pension accounts for the self-employed

    by Scott Monk, Charis Legacy Partners

    Self-employed people with charitable goals can take advantage of the unique retirement provision options to build up an excess of assets.

    [Read the Full Article]

    [Video] What is a self-propelled 401 (k)?

    by Michelle Smallenberger, Financial Design Studio

    If you have a 401 (k) through your employer, you know that very often we have investment opportunities. Let’s say you can choose between a bond fund, equity funds (growth stocks or value stocks), and international equity funds. Your plan provider must provide you with a variety of fund types that you can diversify between. This is very typical of your 401 (k). In addition to these choices, you may also have a self-guided 401 (k) to choose from.

    [Watch the Video]


    Following financial advisor blogs is a great way to access valuable, educational information about finance – and it won’t cost you anything! Our financial planners are happy to share their knowledge and help everyone, regardless of age or wealth.



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