Picking the right time for you
It surprises us at Daltium the number of people that we speak to who are unsure if they have access to a deferred compensation plan, or if they do, they are uncertain how best to take advantage. Deferred compensation plans are one instrument you can use to increase wealth by delaying or reducing taxes, but before you decide whether to participate, the tax implications need to be carefully evaluated. Many factors go into determining how much to defer, how much of a payout to choose, and integrating that with your existing assets to optimize your taxes for current and future liquidity needs.
Areas to consider include: