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What are the basics of Non-Qualified Deferred Compensation? Mitch DeWitt, a Certified Financial Planner™ with Walkner Condon Financial Advisors, tells you what you need to know about NQDC in 60 seconds.
1️⃣ If you're an executive-level employee, NQDC may be an additional part of your compensation outside of a retirement plan.
2️⃣ This type of income is earned but it is not yet received from the employer
3️⃣ Unlike a 401(k) or 403(b), NQDC is not protected under ERISA, meaning if the company you work for goes bankrupt or is sued, that money in the NQDC could be lost to the company's creditors.
Questions about NQDC? Send us a message at youtube@walknercondon.com or check out the links below.
LINKS
📰 NQDC - Investopedia: www.investopedia.com/terms/n/nqdc.asp
▶ Subscribe to Walkner Condon's YouTube Channel: bit.ly/3vQ1To4
📞 Contact Us: walknercondon.com/contact-us/
📅 Meet with An Advisor: walknercondon.com/book-appointment/
Views : 164
Genre: Education
License: Standard YouTube License
Uploaded At 3 years ago ^^
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RYD date created : 2024-01-15T16:34:36.307599Z
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