How Executives Can Minimize the Retirement Tax Hit
The Wall Street Journal
Andrew Liazos said executives who plan to move to a no-income-tax state after retirement may be able to eliminate state taxes on deferred compensation by pushing out nonqualified plan payments. He added that such executives should confirm dates for exercising or forfeiting stock options, noting that “it’s never a bad idea for an employee to ask for an accounting of his or her benefits and compensation” to identify deadlines. “It isn’t uncommon for errors to be found. At least you can correct the errors while you’re still employed,” Mr. Liazos advised. Read the full article.