Deferred Compensation Plans
Deferred Compensation “ Qualified & Non-Qualified
If you are at the height of your income earning, why take it now at maximum tax rates? Why not put it into pensions, retirement plans and stock options that can be used later in life when your income has dropped? As long as you follow the IRS rulings, these plans allow you to invest for your retirement with no tax consequence for your deposits.
By providing a deferred compensation plan to key employees, it helps commit them to your business so that they do not go to your competitors for employment “ commonly referred to as Golden Handcuffs.
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