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Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financial planning (as well as consulting with over 15,000 clients on student loan debt).
Jennifer is the CEO of The Mather Group, an RIA based in Chicago, Illinois, that oversees $15 billion in combined assets under management and advisement for approximately 4,400 client households. Read More.
Daniel is the CEO of WMGNA, a hybrid advisory firm based in Farmington, Connecticut, that oversees approximately $270 million in assets under management for 200 client households.
Nevertheless, these findings could reflect self-selection amongst advisors, with those who don't want to grow past a certain satisfying income (happily and profitably) remaining as solos, and those seeking greater growth upside joining teams.
Which is, for example, why so many people opt to move to lower-tax or no-tax states like Florida or Texas in retirement, where they can enjoy lower state income taxes and preserve more of their retirement savings for use by themselves or their heirs. Read More.
At Zoe Financial, we’ve seen firsthand how proactive planning with a fiduciary advisor helps individuals protect and grow their wealth across generations. This guide consolidates what we’ve learned to help you refine, update, or pressure-test your current retirement and estate strategy with confidence.
Yet, in recent weeks, we’re hearing from more UBS advisors than ever before who are asking a different kind of question—one rooted in long-term strategy and legacy: Is staying at UBS the right strategic decision—for my future, the future of my clients, and the future of what I’ve built?
There’s no question that UBS remains a globally respected brand with a platform built to serve high net worth (HNW), ultra-high net worth (UHNW), and international clients. But that deal structure, which once set UBS apart, has now been retired. For advisors serving UHNW or international clients, UBS remains competitive.
Disclosure that I know Eric personally and have owned BLNDX since day one personally and bought it shortly thereafter for clients. It's a deferred compensationplan on what would have been a $5 million salary in 1999. It was 90 minutes and had a lot of meat on the bone. We're just going to hit a couple of points.
Maybe its a sweeping compensationplan overhaul, the retirement of a long-time manager, or an unexpected acquisition. Or perhaps compliance evolves to the point where your ability to serve clients optimally starts to feel constrained. Maybe your team dynamic shifts after a key partner departs.
Nonqualified benefits, like deferred compensationplans, may be a good solution to appeal to executives looking for pre-tax opportunities beyond IRAs and 401(k) plans to accumulate greater wealth for retirement.
Further, both examples ignore other sources of income, such as wages, pre-tax retirement account distributions, dividends, etc., Considering tax planning strategies to reduce the impact of the new MA surtax. We specialize in financial planning for an IPO, acquisition, or sale of a private business.
As you would expect from an outstanding organization like Microsoft, it offers a very robust 401(k) to help employees save for retirement. This article will discuss the key features of the Microsoft 401(k) plan, and after reading it, you should leave with a clear game plan of how to: Maximize the match (free money! )
409(a) Nonqualified Deferred CompensationPlans present one of these opportunities. As a participant in your company’s deferred compensationplan, you’ve become an unsecured creditor of your company. The Benefits of Deferred CompensationPlans. Let’s dive in. Behold the power of compounded tax-free gains!
Employees of what was formerly Mentor Graphics, now Siemens, may find that they are eligible for Siemens’ Deferred CompensationPlan (DCP) and wonder if they should defer their salary and/or bonus into the plan. The Benefits of Deferred Compensation. The Risks of Deferred CompensationPlans. Let’s dive in.
It’s common for businesses to court talented executives with a variety of perks, including signing bonuses, stock options, and nonqualified deferred compensationplans to supplement regular pensions and retirement savings. A third type of restrictive covenant is a nonsolicitation clause.
This is in addition to the accelerated vesting provided by Intel retirement rules. However, if you are eligible for retirement at Intel ( here’s a helpful post on the subject ), the APB will be prorated according to the number of full calendar months you worked. For APB, December 31 st is the magic day.
This is in addition to the accelerated vesting provided by Intel retirement rules. Intel Retirement Contribution Plan. SERPLUS (Intel’s deferred compensation account). Spouse’s Retirement Accounts. Real Estate Assets (those you would use to support your lifestyle in retirement). Intel Minimum Pension.
And while these benefits can be quite valuable, in most cases, they do require a fair amount of time, planning, and intentionality to take advantage of them and incorporate them into your overall financial strategy. In this article, we’ll group your benefits at Microsoft into the following categories: Compensation : Salary, Bonus, and RSUs.
The fiduciary standard is important because it defined parameters for behaviors impacting the way that financial advisors treat their clients. A fiduciary provides advice and counsel that is solely in the best interest of the client. It’s confusing to the client and unfortunately that confusion is waged onto them on purpose.
This means that for those contributing the maximum of $19,500, Microsoft would contribute another $9,750 towards your retirement savings. Planning opportunities with the 401k: Maximize your contributions to get the maximum employer match. at retirement or upon leaving the company. 2021 could be your last chance to participate.
One strategy is to accumulate deductions that a client would normally take over 2 years into a single year. For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. Don’t forget about the net investment income tax (NIIT), which is an additional 3.8%
In many cases, we advise that clients have a supplemental life insurance policy in addition to whatever group life coverage that they have through their employer. Retirementplans. Deferred compensationplans. hence why those topics are addressed earlier in the blog!).
In many cases, we advise that clients have a supplemental life insurance policy in addition to whatever group life coverage that they have through their employer. Retirementplans. Deferred compensationplans. hence why those topics are addressed earlier in the blog!).
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