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?
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