Microsoft DCP Essentials #4 – Scheduling Your Payouts
If you're a Microsoft employee Level 67+ participating in the Deferred Compensation Plan (DCP), the decision on when to receive your payouts is the most complex step to think through.
There are many things to consider.
-- Additional future sources of income.
-- Wealth transfer strategy.
-- Retirement plan distributions: (401(k), Roth, Required Minimum Distributions, etc.)
-- Your unique situation and what’s best for future you
-- Your DCP payouts will be considered taxable income when received in the future. Thoughtful planning now may help you avoid creating a tax problem for yourself in the future.
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Website: https://avieradvisors.com/
We focus on providing comprehensive financial planning and investment advisory strategies for tech professionals and their families.
Third Party: Avier Wealth Advisors is not affiliated with Microsoft. There is no guarantee that the information we have provided is accurate. Microsoft employees are encouraged to contact their employer should they have any questions regarding their employee benefits.
Taxes: Avier Wealth Advisors does not prepare taxes. The tax ideas presented are meant to demonstrate general concepts rather than precise calculations. We consult with your tax professional for exact calculations.
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