What is a Deferred Compensation Plan? How is it Different from a 401(k)?
Deferred compensation plans permit employees to defer receiving compensation until a later date. The deferred portion can be invested on a pre-tax basis and compound tax-free until the proceeds are withdrawn.
2 https://www.truist.com/resources/wealth/articles/deferred-compensation-the-pros-and-cons
4 https://corporatefinanceinstitute.com/resources/accounting/deferred-compensation/
5 https://corporatefinanceinstitute.com/resources/accounting/deferred-compensation/
6 https://corporatefinanceinstitute.com/resources/accounting/deferred-compensation/
7 https://www.fidelity.com/learning-center/personal-finance/retirement/the-benefit-of-nqdc-plan
8 https://money.usnews.com/money/retirement/401ks/articles/what-is-a-deferred-compensation-plan
10 https://smartasset.com/retirement/5-disadvantages-of-saving-with-a-401k-plan
11 https://www.truist.com/resources/wealth/articles/deferred-compensation-the-pros-and-cons
12 https://www.fidelity.com/viewpoints/retirement/nqdc
13 https://www.fidelity.com/learning-center/personal-finance/retirement/the-benefit-of-nqdc-plan
14 https://www.truist.com/resources/wealth/articles/deferred-compensation-the-pros-and-cons
Lessons Learned From Millennials
In this blog post, we explore the financial habits of millennials and how we can learn from their exemplary behavior. From saving early and prioritizing debt payments to using technology to manage finances, there's a lot we can adopt to help us reach our financial goals.
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In this blog, Marc Daner scrutinizes the allure of alternative investments and sheds light on their drawbacks. The article delves into the definition of alternatives, their popularity, and the downsides associated with them. Notable issues include lack of liquidity, limited transparency, high fees, and often unimpressive performance. Through analyses of diverse studies, the article questions the need for alternatives in a well-diversified portfolio. It advocates for a simple investment approach based on sound academic principles, focusing on factors such as global diversification, low fees, and customized portfolios.
High-net-worth families can benefit from strategic financial planning that reduces unnecessary tax exposure. Daner Wealth Management in Alpharetta, GA, combines investment oversight, retirement income strategies, and tax-aware planning to help clients with more effective wealth management. By aligning financial goals with customized, tax-conscious approaches, the firm supports long-term financial clarity and preservation.
This article explains the pros and cons of paying off your mortgage before retirement.
