How does deferred compensation help me prepare for retirement if I already have a pension and Social Security?
People are living longer, healthier lives and enjoying even more time in retirement. Being retired longer and considering how inflation causes things to cost more every year, a pension and Social Security may not be enough to last you and your spouse 20 years or more. Deferred compensation is a voluntary, additional way to save for retirement.
Related Questions
- Does the Deferred Compensation Plan affect my service retirement benefit from a retirement plan administered by PERS or my Social Security?
- What is the New York State Deferred Compensation Plan and how does it differ from the retirement (pension) plan offered by the State?
- How does deferred compensation help me prepare for retirement if I already have a pension and Social Security?
