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in this video we will talk about the individual tax saving strategy called the non-qualified deferred compensation plan this is an agreement between you and your employer in which your employer pays some portion of your compensation at a future date based on certain requirements these could be years of service certain performance goals or honoring the terms of a non-compete agreement these are different from qualified plans such as 401ks or defined contribution plans the advantage is that you are not taxed on the income until you actually receive it in the future or it could be taxed at a lower tax bracket however if something were to happen to the company the deferred compensation would not be protected from the companys creditors which could result in lost income non-qualified deferred compensation plans typically fall into four categories the first category is salary reduction arrangements these allow you to defer receipt of some portion of your salary that would otherwise be inclu
