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Microsoft Deferred Compensation Plan (DCP): 2022 Enrollment Guide

Cordant Wealth Partners

In this article, we cover what you need to know about the Microsoft Deferred Compensation Plan (DCP) for the upcoming enrollment period. Every November, the Microsoft deferred compensation plan opens for enrollment and salary deferral elections for the upcoming year. GM – June 2009 Chapter 11 bankruptcy.

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Massachusetts ‘Millionaires’ Tax Applies to Sudden Wealth Events

Darrow Wealth Management

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

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Siemens Deferred Compensation Elections for Former Employees of Mentor Graphics: 4 Steps to Consider

Cordant Wealth Partners

Article Summary & Key Points. Employees of what was formerly Mentor Graphics, now Siemens, may find that they are eligible for Siemens’ Deferred Compensation Plan (DCP) and wonder if they should defer their salary and/or bonus into the plan. The Benefits of Deferred Compensation. Tax Benefits.

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Intel SERPLUS: 2022 Open Enrollment Guide

Cordant Wealth Partners

In this article, we cover everything you need to know about the Intel SERPLUS program for the upcoming enrollment period. What’s the risk of the Intel SERPLUS plan? Second, what’s the magnitude of the tax benefit from deferring income? Intel SERPLUS Contribution Scenario and Tax Calculator (excel download).

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Intel SERPLUS Elections 2020: 4 Steps to Consider Given the Recent Company Uncertainty

Cordant Wealth Partners

409(a) Nonqualified Deferred Compensation Plans present one of these opportunities. You willingly forgo income today with the faith that your company will survive many years into the future to make good on this liability to you—all for a tax benefit that tips the odds in your favor. The Benefits of Deferred Compensation Plans.

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How Does Microsoft Compensation Work?

Cordant Wealth Partners

And while the Microsoft benefits package can be quite valuable, in most cases, it does require a fair amount of time, planning, and intentionality to take advantage of them and incorporate them into your overall financial strategy. The higher your level, the higher percentage of your total compensation this cash bonus will represent.

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Microsoft Compensation and Benefits Guide for 2021

Cordant Wealth Partners

In this article, we cover how compensation at Microsoft works and how you can maximize your benefits. Like any major corporation, Microsoft offers a host of compensation programs and benefits to its employees. Savings Opportunities : 401(k), the Mega Backdoor Roth 401(k), ESPP, and Deferred Compensation. at vesting.