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 The deferred portion can be invested on a pre-tax basis and compound tax-free until the proceeds are withdrawn.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
Unlock the Power of Factor Investing: A Guide for Investors
A discussion of the pros and cons of factor-based investing.
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In the blog post, Marc Daner advises investors to ignore short-term market events and focus on long-term investment strategies. He highlights the resilience of the stock market despite various crises and warns against emotional reactions to market fluctuations. Instead, Daner recommends diversifying your portfolio, seeking bargain stocks during market declines, and maintaining a long-term investment plan to build wealth and minimize stress and volatility in your portfolio.
This article delves into the phenomenon known as the widowhood penalty, where many women face financial challenges after the death of a spouse. It examines various factors contributing to this issue, including traditional gender norms, psychological barriers, human biases, blended-family complexities, and financial literacy deficits. The consequences of the widowhood penalty are severe, with solutions ranging from cultural shifts and financial education to open conversations and professional guidance.
Daner Wealth Management explores the basics of financial planning for young professionals in Alpharetta, GA. We highlight the benefits of early planning, common money mistakes, and smart strategies to manage debt, build wealth, and secure long-term goals. With guidance from a Certified Financial Planner™ professional like Marc Daner, readers may gain insights that help them organize finances and work toward greater clarity.
