Restricted stock units (RSUs), non-qualified stock options (NQSOs), and deferred compensation plans build concentration risk and drive up income tax exposure the year they vest or exercise. For Davie executives at large healthcare, academic, and corporate employers, that concentration often becomes the single biggest planning question.

We design systematic diversification schedules for vested shares and model the tax impact of each option-exercise year. Proceeds get reinvested into a diversified portfolio sized to the client's real risk tolerance, not the risk profile the concentrated stock accidentally created.

For 403(b) and 457 plan participants at Nova Southeastern or the local healthcare systems, we also integrate those balances into the broader retirement plan and evaluate the 457 catch-up windows near retirement.
 

As Davie's high-income household count continues to expand, proactive tax planning becomes a bigger part of the work. Income growth introduces higher federal tax brackets, Medicare surtaxes (the 3.8% NIIT), and phaseouts of common deductions.

We use tax-loss harvesting during volatile market periods, health savings account (HSA) contributions where clients have HDHP coverage, and donor-advised funds to shape the annual taxable-income picture. Roth conversion windows are modeled year-by-year rather than treated as a one-time decision.

For clients approaching retirement with concentrated deferred comp balances, we also design the drawdown sequencing to smooth income across the pre-retirement, early-retirement, and Medicare-transition years.