A conservative wealth management planner with DeRosa & Associates, Chester Pacana meets the needs of Tennessee clients seeking tax-free retirement pathways. Focused on assisting plan providers, Chester Pacana focuses on qualified, non-ERISA retirement plans. Plans established and serviced by the firm include 403(b) plans that provide employees with tax benefits as they save toward retirement. Supplementing these, 401(k)s have independent contribution limits that allow further savings potential, beyond what is possible with 403(b) plans alone. These include the popular Roth 401(k) plan that provides for tax free distributions after retirement. For companies with significant numbers of seasonal, temporary, and part-time staff members, the 3121 FICA Alternative Plan is a defined-contribution retirement solution that can serve as an alternative to Social Security. In addition, 401(a) plans are available to diverse entities, from corporations to nonprofits, and offer sound money-purchase retirement plan pathways for self-employed individuals and sole proprietorships. Complementing the range of employer-sponsored retirement plans are IRA accounts that are provided for in the tax code as accounts enabling individuals to save for retirement up to 70.5. C. Edziu Pacana and his team at DeRosa & Associates work through National Life Group in helping business clients navigate retirement options, with an aim of ensuring that employees have the most attractive and cost-effective benefits packages possible.
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AuthorChester Pacana - Experienced Conservative Wealth Management Planner. Archives
July 2019
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