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Deferred compensation tends to enter the picture when work is going well and income has outgrown the basics. Cash flow feels stable, taxes start to sting, and suddenly there’s a new option on the table that promises flexibility later.

Scott and Nick explore what sits underneath that promise. Deferred comp changes the timing of income, but it also ties future choices to today’s assumptions. Employer stability matters. Payment schedules matter. So does the simple reality that once income is deferred, access and control look very different than they do inside a traditional retirement account.

This episode of Real Personal Finance is an opportunity to slow down before checking the box. To think about how much certainty you actually have about your career path, your tax brackets, and the version of retirement you’re planning toward. Deferred compensation can play a useful role in the right situation, but only when it fits the rest of the picture you’re building.

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• Nick Covyeau on LinkedIn
• Swell Financial

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Money can be confusing, but it doesn’t have to be. When you’re able to understand the complexities, you can make better decisions to improve your daily life. Connect with us at Stone Steps Financial.