November 25, 1990 |
Q: My husband is taking early retirement from his job and will be getting $30,000 from his pension and about $20,000 in severance pay. Right now, our combined annual income is $48,000, and we are in the 28% tax bracket. However, if we get all this money in a lump sum at the end of the year, our bracket could jump. Is there a way to defer any or all of this income until 1991, or even 1992, when our income will be just my $20,000-a-year salary? -- D. T .