I wasn't sure what
bracket I'd be in
at retirement — some models have my retirement cash availability
higher than my current
salary, if I want to draw it down rather than living only on the income — so I've been splitting the difference.
The deferred compensation plan is a contractual arrangement whereby a key employee, usually in a
high - income tax
bracket, will receive a guaranteed number of fixed payments, beginning
at retirement, in place of current
salary increases or cash bonuses.