is deferred compensation a good idea? A good method to reduce taxes? A good way to guarantee income in retirement?
It has worked out well for some. Bobby Bonilla Day: Why the Mets still owe former MLB All-Star more than $1M per year on July 1 - CBSSports.com.
What is the nature of the deferred compensation… cash? company stock? company options?
A 401K is a deferred compensation plan. You should absolutely participate. Especially if there is a company match. That is free money.
Yes. What are the savings options within your deferred compensation plan? Roth? 401(K)?