Non-Qualified Deferred compensation plans

[Yuvasamudram]

Guys... employer NQDCP option ichadu through Fidelity.

Base Pay upto 50% or Annual Incentive Program upto 75% enroll avvochu annadu. If I enroll 50% and 75% respectively, do they take 50% off of my monthly pay and 75% of bonus? Can I withdraw when I need from this account?

 

Thanks ya.

[Yuvasamudram]

Andaru thega working aaa?

Evaru respond avvatle va...

[FLraja]

51 minutes ago, Yuvasamudram said:

Guys... employer NQDCP option ichadu through Fidelity.

Base Pay upto 50% or Annual Incentive Program upto 75% enroll avvochu annadu. If I enroll 50% and 75% respectively, do they take 50% off of my monthly pay and 75% of bonus? Can I withdraw when I need from this account?

 

Thanks ya.

I think it’s called mega roth or backdoor roth.annual limit abot 50k anukunta.nuvu kavalantey tiyochu as its after tax

[babu_bangaram]

33 minutes ago, FLraja said:

I think it’s called mega roth or backdoor roth.annual limit abot 50k anukunta.nuvu kavalantey tiyochu as its after tax

nope

[Yuvasamudram]

34 minutes ago, FLraja said:

I think it’s called mega roth or backdoor roth.annual limit abot 50k anukunta.nuvu kavalantey tiyochu as its after tax

Ante Chit fund laaga na?

[FLraja]

15 minutes ago, Yuvasamudram said:

Ante Chit fund laaga na?

adey anuko

[Yuvasamudram]

Asalu Advantage enti deeni valla?

To my knowledge, Tax ippudu kaakunda later aina kattali kada. Then whats the benefit?

[csrcsr]

10 minutes ago, Yuvasamudram said:

Asalu Advantage enti deeni valla?

To my knowledge, Tax ippudu kaakunda later aina kattali kada. Then whats the benefit?

Retire ayaka niku income undadu kada bro so nee tax bracket lower lo untadi pedda impact undadu but u r growing ur tax fre money by investing congratulations on your Fidelity offe

[Yuvasamudram]

On 6/8/2022 at 10:36 AM, csrcsr said:

Retire ayaka niku income undadu kada bro so nee tax bracket lower lo untadi pedda impact undadu but u r growing ur tax fre money by investing congratulations on your Fidelity offe

Thanks baa. Much appreciated. Is this common benefit from employers? Seeing this for the first time.

[csrcsr]

28 minutes ago, Yuvasamudram said:

Thanks baa. Much appreciated. Is this common benefit from employers? Seeing this for the first time.

No no bro I was just telling about tax implication question