Deferred compensation has the potential to increasecapital gainsover time when offered as an investment account or a stock option. Rather than simply receiving the amount that was initially deferred, a 401(k) and other deferred compensation plans can increase in value before retirement. Investments a...
Steve 2023-09-12 10:16:25 I'm age 65 and looking at a $100k deferred annuity that starts paying at age 85 (20 years), with a cash refund option. If I die before age 85 (the SSA says there's a 61% chance of that), would the refund be $100k or a higher amount, based on ...
This can be a good thing because of the Social Security wage cap. Take this example: your compensation is $170,000 and you made a timely election to defer another $25,000. For the 2023 tax year, earnings subject to the Social Security portion of FICA are capped at $160,200. Thus, ...