What is a Deferred Compensation Plan? How is it Different from a 401(k)?
Deferred compensation plans permit employees to defer receiving compensation until a later date. The deferred portion can be invested on a pre-tax basis and compound tax-free until the proceeds are withdrawn.
2 https://www.truist.com/resources/wealth/articles/deferred-compensation-the-pros-and-cons
4 https://corporatefinanceinstitute.com/resources/accounting/deferred-compensation/
5 https://corporatefinanceinstitute.com/resources/accounting/deferred-compensation/
6 https://corporatefinanceinstitute.com/resources/accounting/deferred-compensation/
7 https://www.fidelity.com/learning-center/personal-finance/retirement/the-benefit-of-nqdc-plan
8 https://money.usnews.com/money/retirement/401ks/articles/what-is-a-deferred-compensation-plan
10 https://smartasset.com/retirement/5-disadvantages-of-saving-with-a-401k-plan
11 https://www.truist.com/resources/wealth/articles/deferred-compensation-the-pros-and-cons
12 https://www.fidelity.com/viewpoints/retirement/nqdc
13 https://www.fidelity.com/learning-center/personal-finance/retirement/the-benefit-of-nqdc-plan
14 https://www.truist.com/resources/wealth/articles/deferred-compensation-the-pros-and-cons
The Hidden Dangers of Retirement: Beyond Financial Security
Retirement is often associated with financial security, but this article delves into the less-discussed challenges that retirees may face. Loneliness, low self-esteem, and "grey divorce" can significantly impact mental and emotional well-being in retirement. The article provides valuable tips for coping with these issues and highlights the role of a compassionate financial advisor in holistic retirement planning.
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Learn how to leverage equity compensation benefits by understanding the different types of equity and risks involved.
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