Quote:
Originally Posted by Strange Brew
It’s deferred money. The contract doesn’t go beyond 8 years.
A lot of employers have deferred comp arrangements, which are of value to people should they move to lower tax states in retirement (and be in lower federal tax bracket).
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Semantics. It very much does go beyond 8 years, as he is paid until 2045.
Yes, lots of people have deferred comp arrangements. Those people don't work within a salary cap structure.