Originally Posted by 7850club
My question to the group is are there any tax (or other) gotcha's in retiring 12/31/15 versus 1/1/16? I would stay the extra day for the "free" increase of lump sum if it works out that way.
My optimized situation would be to stay until at least 1/2/16 (unless I get laid off this year). Jan 1 is a holiday, and you get paid.
I have stock options to exercise and I do not want to do that this year since that would push my 2015 tax bracket higher.
I can contribute 401K to the max allowed for just one pay period, and get some company match.
I can vest some vacation time.
You see, I am going down my usual OMY justification and this can be a little addicted.