If you are Grade Level 10, or higher at Intel you’re eligible to enroll in SERPLUS, Intel’s deferred compensation plan.
This is an exclusive benefit that can help you reduce your tax bill by thousands.
00:17 What is Intel SERPLUS?
00:28 How can SERPLUS reduce your tax bill?
00:43 How much income can you defer ?
01:08 What are your payout election options?
You can enroll in the deferred comp plan during open enrollment. During this time, you decide how much income you want to defer:
• Up to 60% of your base compensation
• Up to 75% of your bonuses and commissions
SCHEDULE TIME TO DISCUSS SERPLUS: calendly.com/a...
In the 30-minute call you will learn:
• Strategies for reducing your taxable income
• Ensuring adequate cashflow to cover monthly expenses
• Developing a comprehensive payout strategy
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INTEL SERPLUS / DEFERRED COMP RESOURCES: avieradvisors....
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Learn more about Intel SERPLUS:
Decide how much income to defer
Make sure you are fully funding all your other pre-tax accounts (Intel 401(k), HSA) before deferring any of your income within a deferred compensation plan. Don’t forget about the Intel Mega Backdoor Roth provision within your 401(k), you’ll want to consider leveraging that as well.
Manage your cashflow for monthly expenses
You can sell your RSUs when they vest and use the proceeds to supplement your cashflow needs.
There are a few benefits associated with this strategy. First, when you sell your RSUs you can defer more income from your salary and bonus - which can help reduce your tax bill.
Second, it helps you maintain a more diversified portfolio.
Establish your deferred comp distributions
You need to decide when you want to receive your distribution every time you make a deferral.
The payouts you elect will be taxed as ordinary income when money is distributed from your Deferred Comp Plan. You need to consider your future sources of income (RMDs, Social Security, etc.) when deciding how and when to receive your deferred income. You could end up with an unexpected tax bill in retirement and significantly reduce your total tax savings.
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Avier Wealth Advisors
5200 Meadows Road Lake Oswego, OR 97035
mailto:info@avieradvisors.com
Website: avieradvisors....
Third Party: Avier Wealth Advisors is not affiliated with Intel. There is no guarantee that the information we have provided is accurate. Intel employees are encouraged to contact their employer should they have any questions regarding their employee benefits.
Taxes: Avier Wealth Advisors does not prepare taxes. The tax ideas presented are meant to demonstrate general concepts rather than precise calculations. We consult with your tax professional for exact calculations.
#employeebenefits #intel #taxplanning
24 окт 2022
