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.
- Is your company financial secure?
- What is my marginal tax bracket now compared to in retirement?
- What is my distribution schedule and what are my options for adjusting that schedule?
- What are my investment options?
WealthCrossing is a wealth advisory partner offering holistic, independent, and objective wealth management services. The WealthCrossing 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.
