NQDC: The 401(k) Mistake Executives Make

If you’re a senior executive or high earner with access to a non-qualified deferred compensation plan, Guilian explains why the biggest mistake is treating it like a bigger 401k. In this clip, he breaks down how deferred comp can help delay income taxes, but also why it comes with trade-offs most people miss.

He also covers how strict payout elections are under Section 409A and clears up a common tax misconception.

Disclosure: The information provided is for educational and informational purposes only and should not be construed as personalized financial advice, an offer to buy or sell securities, or a recommendation of any strategy. Investment and tax laws can change, and the concepts discussed may not apply to every individual situation. Liberty One Wealth Advisors and its affiliates do not guarantee the accuracy or completeness of any statements, qualitative or numerical, contained herein. Nothing in this communication is intended to constitute legal or tax advice. Readers should consult with a qualified attorney or tax professional regarding their specific circumstances before making any decisions. All investments involve risk, including the potential loss of principal, and no strategy ensures success or eliminates risk.

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