He Exercised $180,000 in Stock Options After Retiring at 64. His W-2 Said Wages. Social Security Said Prior Work.
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The post He Exercised $180,000 in Stock Options After Retiring at 64. His W-2 Said Wages. Social Security Said Prior Work. appeared first on 24/7 Wall St..
Picture a technology worker who gets caught in layoffs at 64, files for Social Security and then exercises nonqualified stock options his employer granted years earlier. The spread between the exercise price and the stock’s market value is $180,000. Then the W-2 arrives. The $180,000 is sitting there as wages.
That looks disastrous for
Picture a technology worker who gets caught in layoffs at 64, files for Social Security and then exercises nonqualified stock options his employer granted years earlier. The spread between the exercise price and the stock’s market value is $180,000. Then the W-2 arrives. The $180,000 is sitting there as wages.
That looks disastrous for
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