Deferred compensation allows individuals to delay receiving part of their income until a future date, often during retirement. This strategy is appealing for retirement savings and tax management, as ...

A properly constructed unfunded 1 nonqualified deferred compensation agreement can postpone payment of compensation for currently rendered services until a future date, with the intended objective of ...

The retirement needs of the typical U.S. worker can be well served by consistent participation in a payroll deferral 401(k) plan, with the potential to complement pre-tax savings with after-tax ...

Companies required to use “box 11” of Form W-2 in 2023 to report either payments of nonqualified deferred compensation (deferred compensation) or FICA taxation of unpaid deferred compensation may soon ...

Compensation is generally subject to federal income tax and FICA tax when compensation is actually paid to an employee. However, nonqualified deferred compensation (NQDC) may be subject to FICA ...

Retirement planning: how much income to squirrel away for the future? Year-end is when participants in nonqualified deferred comp plans must decide. The IRS just released the 2025 contribution limits ...