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To access your account or to set up an account, click on the 'Sign In/Set Up Account Here' button (located below, as well as on the top banner of pages within the Deferred Compensation Plan …
The Plan offers you an opportunity to defer the payment of Federal and New York State income taxes on your Plan account until as late as April 1 of the year following the year you reach age 73 …
The first $20,000 in periodic benefit payments you receive each year may be exempt from New York State income tax if you are a New York State resident and at least age 591⁄2.
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NY State residents age 591⁄2 or older can receive combined (e.g., from all retirement accounts) installment distributions of up to $20,000 per year free from New York state income taxes. This …
May 27, 2023 · Here, I'll explain NYS deferred compensation, exploring its benefits, withdrawal options, contribution limits, and tax implications.
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