January 17th, 2020 David Blain (Taxloopholes.com Advisor)
In the fifth and final session of the Pension Course, David Blain, CFA, author of Invest in Your Life, Not Just your Portfolio, CEO, and Founder of BlueSky Wealth Advisors covers the need to know details of a Non-Qualified Deferred Compensation Plan and how it can be advantageous for your company.
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What to watch for:
What is a NQDC? 2:43
One Plan, Many Names 4:41
Advantages and Disadvantages 5:49
Common Features 9:47
Elective vs. Non-elective 11:50
Funded vs. Unfunded 13:05
Types of NQDCs 14:54
NQDCs and Taxes 23:22
Important Components of a 24:05
FICA Taxes 25:59
Sample Phantom Stock Plan 27:46