What to do with deferred compensation?
Just got my deferred compensation check because I left. What is the smartest thing to do with it?
You can't figure out what to do with your money?
What is deferred compensation ?
Giving it to me!
Buy ETFs
Buy Google.
I am noob when it comes to tax and vesting, seriously. But let me ask a question: if you defer, youβd be paying more next year, no?
Depends what your year looks like. If you were to take a year off work, and that deferred bonus amount was the only income for that year, then you'd be taxed at a much lower income because you no longer have a base salary increasing your gross income
Walk straight down the baby steps in Dave Ramseys book the Total Money Makeover.
A deferred comp plan that results in a lump sum on departure is a YUGE gift to Uncle Sam. As it disproportionately raises your tax bracket on the same income. So.... Get some KY (I prefer Anal Glide) Bend over. Apply liberally. But hey, youβre doing well enough to need deferred comp. So...
hookers & blow
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