What Is Red Carpet DTI? A Guide + Benefits And Risks
Is there a way to significantly reduce your tax burden while simultaneously building a robust retirement nest egg? Absolutely, and it's called Red Carpet DTI, a powerful tool designed to help high-income earners defer taxes on investment gains until retirement.
Often drawing comparisons to a traditional Defined Benefit plan, Red Carpet DTI operates as a non-qualified deferred compensation plan, meticulously structured for the benefit of executives and highly compensated employees. The engine of these plans is fueled by employer contributions, allowing the invested funds to enjoy tax-deferred growth until the executive ultimately retires. Upon retirement, the executive gains access to these accumulated funds, paying taxes on them at their then-prevailing income tax rate a rate that is frequently, and advantageously, lower than what they experienced during their peak earning years.
| Red Carpet DTI Plan Information | |
|---|---|
| Type | Non-qualified deferred compensation plan |
| Target Audience | Executives and highly compensated employees |
| Funding | Employer contributions |
| Tax Benefit | Tax-deferred growth; taxes paid upon withdrawal in retirement |
| Key Features | Investment flexibility, portability |
| Eligibility (General) | U.S. citizen or resident, minimum age (e.g., 45), minimum income (e.g., $150,000) |
| Potential Benefits | Reduced tax burden, retirement savings maximization |
| Potential Risks | Investment losses, changes in tax laws, employer's financial stability |
IRS Website |
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