For the majority of law enforcement officers, their initial introduction to investing is the Deferred Compensation Plan which is offered through their employer. A Deferred Compensation Plan is most beneficial when you can reduce both your present and future tax rates by deferring your income. Unfortunately, it is challenging to project future tax rates.  

During this episode of Financial Roll Call, host James Fay begins by discussing some of the rules that govern a Deferred Compensation Plan, as well as how the plan and its contribution limits work. He then explains some of the advantages and disadvantages with this type of plan before wrapping up the episode with some key takeaways.  

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Nothing provided herein constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments.  

Shore Point Advisors is registered as an investment adviser with the State of New Jersey.  Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Securities and Exchange Commission or any state securities authority.  

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