DCP

Chevron Deferred Compensation Plan

Another non-qualified deferred comp retirement plan for executives who are PSG 28 or above (used to be PSG 27 or above) is Deferred Compensation Plan (DCP). This plan allows the executives to defer part of their compensation during the years of employment. The amount accrued can be distributed after separation from service as lump sum or in annual payments over up to ten years.

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Years of Experience

CFP®, CRPC®, CFA

Designations Held

Assets Under Management

Comprehensive Services

At Insight Wealth Strategies, we understand that no two families or financial journeys are the same. That’s why we offer a full suite of services designed to grow, protect, and manage your wealth—no matter what life brings. Our team is here to provide clarity and guidance every step of the way.

Financial
Planning

Your financial future deserves a plan that adapts to life’s changes. We offer comprehensive financial planning, including retirement, education, and major life event strategies, to ensure you’re on track to meet your goals.

Financial Planning
Investment
Management

We create personalized investment strategies that align with your goals, risk tolerance, and time horizon. Our approach is data-driven and continually adjusted to market conditions to help maximize your investment potential.

Investment Management
Estate
Planning

Estate planning is about protecting your legacy. We guide you through the process of creating wills, trusts, and other essential documents to ensure your wishes are honored and your family is taken care of.

Why Create an Estate Plan?
Tax
Strategies

Minimizing tax impact is key to maximizing your wealth. Our team develops strategic, tax-efficient solutions designed to help you keep more of your earnings and build a tax-smart financial future.

Tax Reduction Strategies
Risk
Management

We help you identify and manage financial risks through tailored insurance solutions and strategies, ensuring that life’s uncertainties won’t derail your long-term plans.

Risk Management

We’re here to help you create clarity and confidence around your finances—starting with a no-obligation consultation.

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FAQ

DCP benefits are taxable as ordinary income when payments are made. At that time federal, state and local taxes will be withheld. However, you will not owe any Social Security or Medicare taxes when payments are made.

Ready to plan your retirement transition?

The decisions you make in the next few years will determine your retirement lifestyle. Let’s create a plan that gives you confidence in your financial future.

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Insight Wealth Strategies, LLC is not affiliated with Chevron.