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What is the advantage of investing in the Deferred Compensation Plan instead of a regular savings account?

April 26, 2017advantage compensation Deferred Investing Plan regular savings account

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What is the advantage of investing in the Deferred Compensation Plan instead of a regular savings account?

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With Deferred Compensation, the money saved is deducted from your paycheck before your income tax is calculated. This reduces your taxable income; therefore reducing your income tax liability immediately. As a Plan participant, you put tax dollars to work for you!