Employer funded retirement plan Hawaii state income tax exemption
My understanding is that a retirement plan totally funded by the employer is exempt from state income taxation in Hawaii. If the client rolls this over to an IRA (regardless of the underlying assets chosen) is that exemption preserved? Is there any other steps, precautions needed to make sure it doesn’t get tainted adversely?
Submitted by John Foster on Wed, 2020-09-09 21:35