Golfing, Grand Kids & Travel – Plan NOW For Your Retirement


In the world of retirement planning, there is one option that many are considering in the form of deferred compensation plans. This type of plan will allow an employee to postpone receiving wages and income for a period of time. While this might seem risky, it is the employer’s responsibility to keep and manage this money in a special fund unit where the employee is no longer working with the organization. One of the greatest benefits to deferred compensations plans is that taxes on this money are not paid until it is withdrawn from the plan and not during the period of earning. It is important to remember that employers will use broad tax regulations during the structuring of this type of plan. One aspect of non-qualified retirement plans is that they do not usually include employee contributions, and are solely based on the employee’s gross income. This means that an employee can build their retirement without paying taxes until the money is taken out.

While non-qualified retirement plans are considered painless, there are a number of considerations that an individual needs to be aware of before he or she uses this type of retirement model. The first consideration is that this type of plan is not retroactive. This means that it can only be based on an individual’s current income withholding. Because most plans have very specific maturation dates, it is not possible for an individual to borrow or withdraw money from this type of plan. There are some plans that will require specific events to take place before an individual can receive their funds. The last consideration is that this type of retirement plan is not protected from creditors if an individual owes an outstanding debt.


Qualified retirement plans or structured retirement plans are required to comply with certain government regulations. An individual can establish this type of plan through either an employer, bank, or financial institution. It is important to remember that the IRS has special codes that detail provisions regarding qualified retirement plans. One advantage to qualified retirement plans is that they are eligible for special tax considerations.

There are two main types of qualified plans. The first is employer based in the form of pensions or profit sharing programs and each must comply with certain government regulations that grant the employer certain tax privileges. One advantage for the employer is that they may be able to deduct any contributions to a pension as a business expense. The employee will have an advantage as well in the form of not being liable for taxes until he or she retires and withdraws the funds. It is vital to remember that depending on the tax structure and the employee’s income, he or she, after retirement, will generally be required to pay taxes on any amount withdrawn from his or her plan.

Individual retirement plans better known as IRAs are a popular options for both the self-employed and those who want additional protection during retirement. It has become one of the most popular individual qualified retirement plans, and it allows a person to deposit a portion of his or her income into a plan without being required to pay taxes. As with other retirement plans, the individual will be required to pay taxes once the funds are withdrawn. One aspect of an IRA is that due allow tax-deductible contributions only up to $4000 per year, unless the person is over the age of 50; in this case, the contribution can be higher.

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Online Education Consultants – Your Guide for Making the Right Decision

You have decided that you will take your education and skill knowledge a step further by doing a higher education course or degree in your field or niche. But plethora of options of online courses, universities, college, institutes offering online course has made you confused to zero down on one option. In such a situation a professional help can guide you through making a correct career option.

Education consultant is a person who can give you professional education guidance on selecting the right course, potential college which will take your professional career graph higher. Such education guides or consultants are experts in their field and have great knowledge and skills to guide students for choosing the best option available for them.

Benefits of Education Consultation

1) Personalized Attention

As the competition in education sector has reached a cut throat level it has made the process of college and course selection for students highly time consuming and a complex one too. Selection of a course and college is very important as whole of the value depends on it. Same course is offered by 100s of universities and college but what really make a difference is what they are offering, the content of the course, the reputation of the institute, and in this an education consultant can help you.

Educations counselor will communicate with the students understand their current career status; get information about their further aspirations. On the basis of all this they will provide you with the best suited course programs offered by different universities. They will help you through the research process and make you understand how to find the effectiveness of the education course.

2) Offer Best Guidance

World Wide Web (internet) is one place where one can get enormous information about anything. But vast information gathered can also fall short to answer your personal questions and queries like: Which college is good? Whose course content is better? Which online course will fulfill my career needs?

An education mentor will be able to help you through all your queries and helps in organizing things for you. He will draw the information in such a manner that it will be the best for your needs. His vast knowledge about the colleges, courses being offered can assists the students to get enroll in the best suitable colleges according to their needs, capability and goals.

3) Online Education Consultation

There are many consultants which provide online education consultation to students. They provide you online discussion in choosing the right course selection which helps you rise in your career path.

Know don’t stress you on making the right college selection, contact online education consultant to guide you in selecting the best choice as per your needs.

Help! My New Car Financing Has Eaten My Raise!

Let’s take a look at the facts: Housing prices are rising at a clip of 10-15% per year, tuition costs are rising by an average of 10% each fall, and energy costs – well, the average rise in prices depends on the week you happen to be looking at, but double-digit increases have been the norm for the past few years. And now, the really depressing fact: Average wage increases have hovered between a measly 3 and 4 percent for the past three years. Now what, you ask, does any of this have to do with car financing?

Hey, as simple as can be stated, it boils down to numbers. Interest rates: These are the hidden little killers that can destroy retirement plans and lifestyles over the course of a lifetime. Car financing is the second most important credit-related decision you will ever make, the first being the mortgage on your home. So, just as an example, let’s say that you make $30,000 per year and are looking to finance a $25,000 car over five years. The difference between attaining approved car financing at 6% interest and 16% interest equals $130 per month if you take the loan out over 5 years! And here’s the clincher – a 3% annual increase in salary will net you an extra $900 per year (and that’s before taxes), while saving $130 per month on your car financing puts nearly $1600 more dollars in your pocket. (And hey, that’s after taxes!) Even a few percentage points difference on your car financing can actually equal or exceed the raise you got from work this year!

I had no idea those tiny numbers could add up to so much money! What is my best option for getting an approved car finance plan – with the lowest interest rates?

In the end, your credit rating, and the interest rates it commands, can make or break you over the course of your life. Car financing is not rocket science, but you really have to be careful with the numbers – or you can end up paying thousands of dollars more than you have to. Your best approved car finance option is probably going to be obtained through a bank or credit union. The great things about getting your car financing through a bank is that you tend to get the best rates, personalized service, and you don’t have to worry about some pushy car salesman trying to shove useless add-ons down your throat every five minutes! However, banks and credit unions have higher car-financing standards, so you need decent credit to consider this as an option.

But wait a minute – the banks always take forever to process a loan, and the salesperson at the dealership can get me approved in minutes!

This is very true. But there is a price for that convenience, isn’t there? The dealer almost always offers you a higher rate on car financing – and be prepared for them to try and sell you every single add-on you never wanted in the hour it takes them to fill out the paperwork! That approved car finance arranged through the dealership may save you a week over financing through a bank – but just a few percentage points difference in interest rates can easily cost you $1,000 more each year for the entire length of your loan. So in the end…how much is that week worth to you?

All right…the dealer can be a bad option for car financing – but what about those online places that can approve me in minutes?

In all honesty, the Internet can be a great place to secure approved car finance. With the ability to hop around and shop the different sites, you can definitely get some decent interest rates, sometimes comparable to those offered by a bank – plus you can get approved in minutes, and be driving your new car in a day or so. So what’s the catch? Well, the Internet has more than its fair share of scammers just looking to get your social security number and other vital information. If that car financing information ends up in the wrong hands…well, you can do the math! Plus, the ‘Net can be terribly impersonal at times – but it is still a viable option for approved car finance at competitive interest rates.

Impulsive and poorly made car financing options can literally cost you the price of an entire new car over the course of your life. Approved car finance is available through a number of outlets, and each has its own benefits and disadvantages. However, if you want to be able to afford actually driving your new car someplace other than home and work for the next few years, you may want to avoid the inflated car financing, AND those useless add-ons, offered by dealerships.