Good Financial Reads: Considering Retirement Plans

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Good Financial Reads: Considering Retirement Plans

Good Financial Reads: Considering Retirement Plans

Nonqualified Deferred Compensation Plans – Everything You Need To Know

by Danny Michael, Satori Wealth Management

A deferred compensation plan is a retirement plan that allows employees to defer some of their compensation to a later date. Common types you may already be familiar with are 401(k) and 403(b) plans. If you are a key employee, however, your employer may offer one or more nonqualified deferred compensation plans (NQDC’s).

Source : https://blog.xyplanningnetwork.com/consumer-blog/good-financial-reads-considering-retirement-plans