Falling Leaves Mean It's Deferred Compensation Season
October & November are traditionally times where larger employers in our area (Cisco, GSK, IBM to name a few) offer deferred compensation enrollment for the coming year. Deferred compensation can be a valuable benefit, but it is also complicated and lacks some of the flexibility of more common 401-k and stock compensation plans. We recommend consulting with a financial advisor who is familiar with the intricacies of your specific plan before enrolling in your company's deferred compensation plan.
Several years ago we wrote an article for Kiplinger (A Beginner's Guide to Deferred Compensation) that helps identify key considerations associated with deferred compensation. We work with employees at several of the area's larger employers offering these plans, so if you have questions give us a call.