Saving at the Pump, and 401(k) Limits
NerdWallet's Smart Money Podcast
00:00
What Are the Risks of a Deferred Compensation Plan?
A deferred compensation plan is kind of analogous to a four or one k, where you pay your taxes the end. It's also a little more flexible than a four o one k or an i r a, because there's often no penalty for early withdrawals. Deferred compensation is sometimes used as kind of golden handcuffs to keep employees from leaving although that's usually the executive level folks.
Transcript
Play full episode
