Scott Livingston / 03 Nov 2023

Navigating Deferred Compensation Elections: Key Questions to Ask

Many public companies offer deferred compensation plans that provide additional tax deferral beyond your 401(k) savings. However, it’s crucial to consider a broader perspective beyond just the immediate tax advantages. In this short video, Jonathan Bailey, CPA, CFP® walks you through four essential questions to contemplate when making your deferred compensation elections for the year ahead.

1. Is your company financial secure?
2. What is my marginal tax bracket now compared to in retirement?
3. What is my distribution schedule and what are my options for adjusting that schedule?
4. What are my investment options?

SBK is a wealth advisory partner offering holistic, independent, and objective wealth management services. The SBK team provides a multi-faceted approach to planning, including financial, investment and tax services: Everything you need to feel confident in the journey to grow, protect, and enjoy your wealth.