DEFERRED COMPENSATION PLAN: BEST WAY TO REDUCE TAXES

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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Generally speaking the 2 types of Deferred Compensation Plan are Qualified and Non-qualified Deferred Compensation Plan.

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Deferred Compensation Plans do not have limits specified by the government. The downside is that ERISA protections are no longer available.

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The Plan allows you to save for the future on a before-tax basis.

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DEFERRED COMPENSATION PLAN: BEST WAY TO REDUCE TAXES

If you have struggled to reduce your taxes as a high income salaried employee, Deferred Compensation Plan can be the solution.

Deferred Compensation plan is especially suited for the Financially Independent Retire Early (FIRE) crowd. But, there are certain aspects one needs to consider.

Types Of Deferred Compensation Plan

Generally speaking the 2 types of Deferred Compensation Plan are Qualified and Non-qualified Deferred Compensation Plan.

Deferred Compensation Plans do not have limits specified by the government. The downside is that ERISA protections are no longer available.

The Plan allows you to save for the future on a before-tax basis.

What is A Deferred Compensation Plan?

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