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Reorder Pages Deferred Compensation Plan

Reorder Pages Deferred Compensation Plan

Aug 6th, 2022

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How to Reorder Pages Deferred Compensation Plan

4.6 out of 5

18 votes

Wayne Wagner from Visionary Wealth Management discusses Deferred Compensation Plans (DCP), noting that many clients have access to these plans, which allow annual enrollment typically in the third or fourth quarter. Participants must navigate their family budgets while deciding how much of their future compensation to defer, often choosing lump sums at retirement or payouts to assist with cash flow during the initial retirement years. As clients transition between companies, these plans frequently result in lump sum payments upon departure.

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