Fidelity: Deferred compensation plans: 5 things to know

Key takeaways

• NQDC plans allow executives to defer a much larger portion of their compensation, and to defer taxes on the money until the deferral is paid.

• You should consider contributing to a NQDC plan only if you are maxing out your qualified plan options, such as a 401(k).

• Many plans allow you to schedule distributions during the course of your career, not just when you retire, so you can defer compensation to cover shorter-term goals like paying a child's college tuition.

Read the full Article (Click Here)

Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents, and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof. 2020-105136