Do you invest in a Deferred Compensation retirement plan?

Jump to Last Post 1-4 of 4 discussions (4 posts)
  1. Marcy Goodfleisch profile image83
    Marcy Goodfleischposted 8 years ago

    Do you invest in a Deferred Compensation retirement plan?

    Does your workplace have a Deferred Compensation plan?  Do you invest in it?  It's hard to know how to plan for retirement!

  2. bravewarrior profile image86
    bravewarriorposted 8 years ago

    I invested in 401K when I worked outside the home. Is that the same thing?

  3. Sparklea profile image59
    Sparkleaposted 8 years ago

    I was employed 25 years by New York State.  I was there a long time before my girl friend told me to get into Deferred Compensation.  Sad to say, I DID sign up and had so much taken out of my paycheck.  Every time I received a raise, the money contributed would go up.
    The DOWN side is that I started it way too late!  I WISH I had known about it, because I could have REALLY saved a lot more money.
    I did not retire per se' I left a few years BEFORE retirement. 
    I signed up for STABLE fund because of the Ponzi schemes and others going on.  THANK GOD, for when that hit a relative lost over $300,000 because of it.  I did not lose a dime.
    Since I quit my job I have not contributed to the plan but it continues to earn some interest.
    I did not have a lot in the savings, but it was enough for my daughter and I to take a trip to London and Paris.  For that I am thankful.
    I have just enough left in that account to maybe take one more trip.
    To those who work for the State, there may be a Deferred Compensation plan.  I HIGHLY suggest you sign up for it.  Thanks for this question.  Blessings, Sparklea smile

  4. Jeramey Conrad profile image82
    Jeramey Conradposted 8 years ago

    Yes, I do.

    Most Deferred Compensation plans have a calculator or estimator on their website (or via your employer) that will give you an estimated monthly payout based on your contributions, how long you have already and will continue to contribute (and how much that may increase), and where you have your money allotted and other life-style questions.

    This can be used to plan around, but remember as it is not defined benefit, this won't last forever, so you have to make some actuarial decisions about yourself to determine how much to withdraw. Yes, what I am saying is you have to figure out how long you plan to live!

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)