Is A Deferred Compensation Plan A Retirement Plan?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaDeferred compensation plans are generally an additional executive retirement plan when a qualified plan contributions have reached their maximum. Although the employer can't deduct the plan until the employee's retirement date, the plan generally has a vesting schedule that can be a golden handcuff to the key executive to stay on until it's fully vested. The plans accumulate tax deferred and are taxable as ordinary income during distributions.Answered on July 21, 2013+01+1 this answer
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