Since you are so wise, please explain to us what deferred compensation is.
Explain to me how money sitting in my 401K is “deferred”.
And before you nit-pick semantics, the issue is not the deferred compensation of the employee , it’s the deferred obligation of the employer/taxpayer.
You haven’t added a single fact or insight to this discussion, just an anecdote about a family member and a bunch of passive-aggressive questions.
Lame.[/quote]
Deferred comp is pay you don’t get today. Despite what you might think, you are not the owner of money in your 401K plan. The plan trustee is. And that is both as to the pay you elected to “defer” from you paycheck, any growth on that money and any employer matching. Your employer funds the “deferred part of you pay concurrent with you getting paid (or close to it), but may not have to fund the matching part until next year. It’s still NOT your money. The plan trustee owns the money.
If you really want to discuss these issues as if you know what you’re talking about, learn what the terms mean.
