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Wayne Wagner from Visionary Wealth Management discusses Executive Deferred Compensation Plans (DCP), which are annual opportunities to opt into deferring compensation for the following year. Clients often face the challenge of balancing family budgets and planning vacations while deciding how much of their future income to defer. Typically, individuals choose to receive their deferred funds as a lump sum at retirement or in installments within the first ten years to support their cash flow. As clients frequently change jobs, these deferred amounts are often paid out as lump sums upon leaving a company.