I am a single mom of two with one in college currently. I max out my 401(k) but am ineligible to contribute to a Roth due to my income. I am looking for a way to lower my tax bill and save more aggressively for retirement. I am working hard to pay off my mortgage in the next 2 years. What I want to know is if it is wise to contribute to a deferred compensation plan at work. It's a Fortune 15 company but there are no actual dollars set aside; simply a journal entry. The company is very stable and performs well financially. My former boss said it was the best thing he's ever done and it allowed him to take early retirement with a stream of income prior to social security eligibility. What do you think Suze?