Through Amy Walls’ work in the medical and tech sectors, she often deals with non-qualified deferred compensation plans – under which employees can defer part of their earnings to be paid later.
Amy explains what differs these plans from qualified plans like 401(k) and 403(b) plans. Employees can often contribute more money. By not being in the employee’s name, taxes are not paid at the time of compensation, but there are risks to these plans.
Amy explains the pros and cons, and can help you decide if one of these plans is right for your individual situation.
To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com. The ThimbleberryU Podcast is produced by JAG Podcast Productions – https://jagpodcastproductions.com/
