Income Deferral Programs
Income Deferral Programs
Other Ways to Supplement Your Retirement Income
- Introduction
- Reverse Mortgage
- Sale and Leaseback of Your Home
- Nonqualified Deferred Compensation Plans
- Income Deferral Programs
- Other Investments for Retirement
- Comparing Taxable and Tax-Exempt Yields
- Capital Gains Tax Rates
- Tax Rate on Dividends
- Comparing Tax-Advantaged Investing to Other Investing
- Investing in Growth Stocks or Growth Mutual Funds
Income Deferral Programs
Some employers allow certain employees, typically executives, to defer receipt of a portion of their annual income. An election is made, prior to earning the income, to have the receipt of the income deferred. This deferral reduces current income taxes and also could enable the individual to enjoy tax-deferred investment growth on the amount deferred.
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Deposit and Loan Products are offered to qualified customers by First National Bank. See specific deposit and loan product pages on this website for more detailed information. First National Bank is a MEMBER FDIC and an EQUAL HOUSING LENDER.
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