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- Hi, everyone. Im super excited to talk about the Microsoft Deferred Compensation Plan today. My colleague, Nick and I have prepared a couple series to provide some guidance on how the Microsoft Deferred Compensation Plan works and when it makes the most sense to think about utilizing this company benefit. In this short video we will cover the basics of deferred comp, key differences between deferred compensation and your 401(k), other important DCP considerations, and lastly, we will go over a high level example. Before we jump too far ahead, it is important to note that the Deferred Compensation Plan is available to employees Level 67 and higher. I think it is helpful to think about deferred compensation in terms of similarities to your 401(k). Much like your 401(k) contributions to your DCP plan reduce your taxable income. You can invest the funds in your DCP account like you can in your 401(k) for future growth. The dollars contributed to your deferred comp plan growth tax defer