Anything related to NetworthShare, finance, investing, etc.
Unqualified deferred compensation plans
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azphx1972 Posts: 44
11/2/2020
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I decided against participating in my company's DCP because 1) the money isn't technically mine until it gets paid out, and 2) my income is likely to rise in the future, so deferring taxes probably won't be doing me any favors as I will be in a higher marginal tax rate. Aside from the negative tax implications, there is a slim chance that I could lose the money (although my employer is doing well, you never know what can happen).
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ZenFinance Posts: 8
11/2/2020
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My company offers this option to their executives and I was wondering what everyone thinks about participation in these plans? On the surface it seems scary since I have to rely on my company to pay me in the future however they are doing well and I would save a nice chunk in taxes.
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