Before founding MAGIS and its predecessor, Michael Leonakis spent ten years of his career in sales and marketing at Sherwin-Williams. During that time, Michael learned the specifics of the Company’s many retirement plans and executive compensation programs, all of which are based primarily on the Company’s publicly traded stock (SHW).

When it comes to equity and stock compensation, it's important to actively manage these accounts to ensure you minimize risks and maximize long-term growth. But this planning requires experience and in-depth understanding of a host of complex issues pertaining specifically to these types of plans, including:

• Determining the tax benefits of Net Unrealized Appreciation (NUA) when taking a distribution from a 401(k) plan and the potential for significant tax savings
  
  
• Choosing the best option from the Pension Plan upon retirement
  
  
• Analyzing the tax impact of stock options and Restricted Stock (RSUs)
  
  
• Maximizing the potential tax savings through a well-defined strategy for Incentive Stock Options (ISOs)
  

Michael and his team understand these issues and many others. This understanding is the basis of their ability to offer clients with these types of accounts the confidence they seek in their financial plan on a long-term basis.

If your executive compensation plan is based primarily on publicly traded company stock, please make a proactive plan to protect and grow your wealth by discussing your options with Michael and the team at MAGIS Wealth Advisors.

Michael Leonakis, MAGIS Wealth Advisors and Equitable Advisors are not endorsed or recommended by The Sherwin-Williams Company.