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so about a month ago I had a highly compensated employee at Nike docHub out to me because of Nikes Deferred Compensation Plan now if you make more than 150 000 per year on base comp youre eligible for the plan and this is really something that you ought to take a closer look at because its a fantastic way to cut your tax bill today but also save for future retirement because every dollar you suck away is going to lower your taxable income on a dollar for dollar basis and all that money in there gross tax deferred until you retirement now there are a number of things you need to think about for your before your next open enrollment starting with how much do you want to defer now at Nike you can defer up to 75 of next years salary and a hundred percent of the following Years bonus now if youre a very high income earner and you exceed Whats called the excess compensation threshold um Nikes going to give you an extra profit sharing match on that the other thing you need to think abo