South Carolina offers a deferred compensation program that allows public-sector employees to set aside a portion of their income to be paid out at a later date, typically during retirement.

A nonqualified deferred compensation plan can reduce your taxable income, but there are risks to consider. NerdWallet is committed to editorial integrity. The investing information provided on this ...

Deferred compensation allows individuals to delay receiving part of their income until a future date, often during retirement. This strategy is appealing for retirement savings and tax management, as ...