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Distinguishing a 401K Plan from a Deferred Compensation Plan: What Sets Them Apart?

We often get asked by attorneys whether they should max out their 401(k) plan or instead establish and fund a deferred compensation plan. In this video, Greg Maxwell discusses the differences between a 401(k) plan and a deferred compensation plan for attorneys and why we think it's smart to have both. 2023 Note: Recent legislation, including the SECURE Act of 2019 and the SECURE 2.0 Act of 2022, have changed the dates Required Minimum Distributions (RMDs) must begin. Please contact us if you have specific questions regarding the timing of the required minimum distributions. Contact Greg Maxwell at (801) 683-7362 or at Maxwell@AmicusPlanners.com if you have any questions about this video. ------------------------------------ YouTube Content: ------------------------------------ To view our Settlement Planning Quick Tip series, visit: You can subscribe to the Amicus Settlement Planners YouTube channel by clicking here: ------------------------------------