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Culture From the Top Down: Executive Compensation Plans Explained

Carson Wealth

At their most basic level, executive compensation plans are designed to attract, retain and motivate top talent and leadership. But truly successful plans are designed to be much more than providing a high salary to a key employee – they support the business’s philosophies, values, and mission. .

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Microsoft Deferred Compensation Plan (DCP): 2022 Enrollment Guide

Cordant Wealth Partners

We will update the post as soon as Microsoft releases any updates for 2022.]. In this article, we cover what you need to know about the Microsoft Deferred Compensation Plan (DCP) for the upcoming enrollment period. Plus we’ll provide free resources to help with your enrollment for 2022. Personal Risk Factors.

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Massachusetts ‘Millionaires’ Tax Applies to Sudden Wealth Events

Darrow Wealth Management

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

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Intel SERPLUS: 2022 Open Enrollment Guide

Cordant Wealth Partners

[Editor’s note: Information contained in this post is current based on the 2022 guide for Intel SERPLUS open enrollment.]. We’ll outline how it works, the four most common questions we hear about SERPLUS elections and provide free resources to help with your enrollment for 2022. What’s the risk of the Intel SERPLUS plan?

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Microsoft Mega Backdoor Roth 401k: How it Works

Cordant Wealth Partners

The Microsoft Mega Backdoor Roth 401(k) is a feature within the 401(k) plan that allows you to: Save additional money each year on an after-tax basis into your 401(k) and Convert those dollars into a tax-free Roth subaccount. Like a Roth IRA, the Roth 401(k) is tax-free money. Let’s look at how this is done.

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Build Your Dream Retirement

Zoe Financial

Not all income is created equal – and different income sources also carry other consequences , especially regarding taxes. For example, the money you will withdraw from a Roth IRA would be tax-free, and some retirees jump in early to use their Roth IRA accounts. Was Blake Lively Financially Cheated On? However, this is a mistake.

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Intel Severance Package: Your Complete Guide & Action Plan

Cordant Wealth Partners

Most recently, Intel announced layoffs impacting 11% of the workforce in the fall of 2022 with a plan to cut $3 billion in costs over the next year. It’s important to note, severance payouts are taxed, and taxed as ordinary income in the year of payout. Tax planning for a transition out of Intel is critical.