deferred income

Definition of "deferred income"
  1. Income that is earned in the present but set aside for receiving at a future date, often linked to retirement
How to use "deferred income" in a sentence
  1. Following their accountant's advice, they started a deferred income plan to ensure financial stability in their retirement years.
  2. Cumulative amounts of deferred income can significantly impact a person's overall wealth in the future.
  3. With strategic financial planning, deferred income can provide a safety net after retirement.

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