In this episode, Scott breaks down the Delta Non-Qualified Deferred Compensation (NQDC) plan, showing how it differs from a traditional 401(k) and how you can strategically use it to manage your taxes and retirement income. He explains the eligibility rules, contribution limits, and how to decide if this plan fits into your overall retirement strategy. By the end of the episode, you’ll have a clear understanding of both the benefits and risks, so you can make informed decisions for your financial future.

Here’s some of what we discuss in this episode:

✅ Eligibility: Who qualifies for the Delta NQDC plan

💸 Contribution Limits: Key differences from 401(k)

💰 Tax Benefits: How this can be used as a strategic tax planning tool for some

⚠️Risk Considerations: The potential impact if Delta faces financial issues

📅 Enrollment Period: How annual enrollment gives you control over your deferrals

Resources:

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The “When I Die” binder: https://retireairlines.com/wp-content/uploads/2024/10/Scott-O-FILLABLE-BINDER-10.22.24-1.pdf

Watch the podcast on YouTube: https://www.youtube.com/@retireairlines