You will know if your employer truly loves you when you are offered nonqualified deferred compensation (NQDC). You can defer receiving this income until a time you elect up front, such as retirement, or for a specific number of years into the future to achieve other financial goals. However, key decisions fall on you, the recipient, that must be made on time if you wish to avoid a Trojan horse full of adverse tax surprises.

Nonqualified deferred compensation (NQDC) is all about saving for your life goals in a way that reduces the…

There can be many reasons, which may include helping you save for retirement. In addition, your company can use the nonqualified plan to recruit, retain, and motivate executives and other skilled employees…