Time is a vital resource that each company treasures and attempts to transform in a benefit. In choosing document management software program, focus on a clutterless and user-friendly interface that empowers consumers. DocHub gives cutting-edge tools to enhance your document administration and transforms your PDF editing into a matter of a single click. Insert Payment Field to the Deferred Compensation Plan with DocHub in order to save a ton of time and improve your efficiency.
Make PDF editing an simple and intuitive process that will save you a lot of valuable time. Effortlessly change your files and send them for signing without adopting third-party solutions. Focus on relevant duties and increase your document administration with DocHub right now.
[Music] lets talk to lisa in new orleans lisa youre on winning it live with gregory rix how can we help you i do not have a 401k but i participate in something called a deferred compensation uh sort of project i guess youd say and when it started the company let us spread it out like over seven years well now the companys saying hey you know if you retire or if youre terminated you have to take it in one lump sum and the option to spread it out has been taken away what kind of tax hit am i looking at ouch if thats a lot of money so its going to be subject to your tax bracket and i ive seen those plans before i had somebody sit down with me a few years ago a friend that um was getting a deferred comp and i think it was like 70k a year for five years good thank goodness they didnt force it upon her all at once but its going to be subject to your income that year and the amount of deferred comps all going to be wrapped together and youre going to be taxed at that tax bracket is
