No votes left
Deferred compensation has many questions that need to be answered. Is it safe?, Do you max out your employer's retirement plan?, HSA?, taxes, How much? Distribution options? and other questions such as investment options.
Under consideration Suggested by: Todd Pouliot • Upvoted: 27 Dec, '22 • Comments: 1
I would add:
Specific timing issues related to the commencement of payout: if you retire mid year, and the payout starts "at retirement," is the first payment the month following retirement, or might it actually start the first month of the next calendar year?
If you have multiple "buckets" from several different deferrals, are they invested the same, or differently, and if you are tracking them in planning software, are the projected growth rates of each bucket correct based on how they are actually allocated?
If you want to change the deferral period, for example to push it out longer, what is the due date in order to do so, before the election can no longer be changed?
Does the plan have a beneficiary designation, and is it clear what happens in the event of your death? What about in the event of disability?