Got promoted at my FAANG job - should I take advantage of deferred compensation and how does it actually work?

"Deferred compensation is generally advantageous for older employees nearing retirement, but young workers should approach it cautiously due to risks and investment considerations."

"The deferred compensation plan allows for significant deferral options, up to 50% of salary and 90% of bonus payments, which influences 401(k) contributions significantly."

"One individual's financial strategy revolves around maximizing bonus deferrals while contemplating salary deferment percentages, prompting broader community input on optimal approaches."

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