Those who work daily with different documents know very well how much efficiency depends on how convenient it is to use editing tools. When you Deferred Compensation Plan documents must be saved in a different format or incorporate complex components, it might be difficult to handle them utilizing conventional text editors. A simple error in formatting may ruin the time you dedicated to join account in Deferred Compensation Plan, and such a basic task shouldn’t feel hard.
When you discover a multitool like DocHub, this kind of concerns will in no way appear in your projects. This powerful web-based editing platform can help you quickly handle paperwork saved in Deferred Compensation Plan. It is simple to create, edit, share and convert your documents anywhere you are. All you need to use our interface is a stable internet connection and a DocHub profile. You can register within a few minutes. Here is how simple the process can be.
Having a well-developed modifying platform, you will spend minimal time finding out how it works. Start being productive the minute you open our editor with a DocHub profile. We will make sure your go-to editing tools are always available whenever you need them.
Hi, this is Greg Maxwell with Amicus Settlement Planners. Today, I want to talk a little bit about the differences between a 401(k) plan, for example, and a deferred compensation plan for contingency fee attorneys. A lot of times, attorneys will call us and say, "Why don't I just max out my 401(k) plan? Why would I want to set up a deferred compensation plan instead of using a 401(k) plan?" First of all, I think it's probably smart to have both. There's no reason why you can't max out your 401(k) plan and also contribute to a deferred compensation plan. Some of the differences: a 401(k) plan, as you know, has certain limitations on the amount that you can contribute each year, and they're fairly low. If you're looking to defer more than the 401(k) plans allow, then that's a good reason to also contribute to a deferred compensation plan. The other thing with 401(k) plans or any qualified plan is that they have certain limitations on when you can start receiving payments. You can't star...
