Deferred CompensationDeferred compensation is an arrangement wherein a portion of your income would be kept and paid on a later date instead of having it all at once. This helps you continuously save money for your retirement and other needs. Participating in a Deferred Compensation Plan can help you in reaching your retirement goals.There are two main types of Deferred Compensation – Qualified and Non-qualifiedWho should be considered for these types of plansAs a highly paid executive or key person, how can you put more compensation away to help fill the short fall in retirement from your qualified plans? As an employer, what other benefits can you offer to help ensure the continued loyalty of this executive or key person? A properly structured deferred compensation plan can accomplish both – “Earn now, Pay Later”What is a Deferred Compensation PlanEmployer and Employee enter into agreement to defer a portion of employee salaryContributions(s) can be based on specific retirement income or amount employee can affordNon-Qualified plans offer employers ability not to include rank and filePre-retirement death or disability can be included in as part of planBenefits of a Deferred Compensation PlanFlexibility for employersSupplemental income for key employeesTax deferred growth if used with life insuranceTax deduction for employer when benefits are paidInnovative Financial Group has the experience to find an appropriate plan for you and your company. With subject matter professionals, we can help to make this an easy and rewarding process which can provide confidence. Call us today for a complimentary conversation regarding your concerns and see how we can be of service.Business StrategiesBusiness ContinuityBuy/Sell AgreementCross Purchase AgreementEntity PurchaseKey Person InsuranceSuccession Planning ServicesBusiness StrategiesGroup Benefits401KDeferred CompensationExecutive Benefit PackagesPersonal Insurance PlanningLife InsuranceLong-Term Care InsuranceDisability InsuranceSpecial Needs InsurancePersonal Financial PlanningInvestmentsRetirement PlanningCollege SavingsInnovative Financial Group – Atlanta 3520 Old Milton Parkway Alpharetta, GA 30005You Can Call Us Now: 678-338-4400 Have a Question Name Email Phone Question Thank you! Oops!