DEFERRED COMPENSATION PLAN: BEST WAY TO REDUCE TAXES
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If you have struggled to reduce your
taxes
as
a high income salaried employee
, Deferred Compensation Plan can be the solution.
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Deferred Compensation plan is especially suited for the
Financially Independent Retire Early
(FIRE) crowd. But, there are certain aspects one needs to consider.
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Types Of Deferred Compensation Plan
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A Qualified Deferred Compensation Plans complies with
Employee Retirement Income Security Act (ERISA)
and include 401(k) and 403(b) plans.
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What is A Deferred Compensation Plan?
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The Plan allows you to save for the future on a before-tax basis.
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