Efficiency and Power – Savings and Growth!
It may be impossible for highly compensated employees, like yourself, to rely solely on social security and qualified plans to meet your desired retirement goals.
At higher income levels, executives may turn to other alternatives to meet their long or short-term savings needs. Nonqualified deferred compensation plans allow you to contribute additional tax-deferred compensation (up to 100%, depending on plan design) for savings into the plan.
You contribute pre-tax rather than after-tax dollars
oPre-tax deferrals and tax-deferred growth provide the potential for a greater return
oSave and invest, tax deferred, to supplement your retirement income
oA deferred compensation plan may offer flexible distribution options to accommodate your short-term and long-term financial objectives
oMay reduce your current tax rate
Deferral.com gives you the tools and information to better understand your specific plan features as well as the ability to review and manage your account with 24/7 access.
The bottom line is that retirement security remains a major challenge
that requires today’s workers to save more and/or work longer.