Nerd's Eye View

MARCH 13, 2024

Specifically, USC Section 114 defines certain types of "retirement income" that can only be taxed by the states in which a person resides, which include qualified employer retirement plans and IRAs as well as nonqualified deferred compensation plans that are either paid out over a period of at least 10 years or structured as an excess benefit plan.

Taxes 158

Taxes Compensation Planning Retirement Retirement Planning 158

Cordant Wealth Partners

SEPTEMBER 5, 2022

Every November, the Microsoft Deferred Compensation Plan (DCP) opens for enrollment and salary deferral elections for the upcoming year. And every year, we hear similar questions from those eligible to allocate money into a deferred compensation plan. What’s the Risk of the Microsoft Deferred Compensation Plan?

Compensation Planning 52

Compensation Planning Planning Distribution Taxes 52

Nerd's Eye View

JUNE 14, 2024

Also in industry news this week: While an infusion of Private Equity (PE) capital has shaken up the RIA M&A market, the ultimate implications for advisors, their clients, and the PE firms themselves remain unclear A recent study has found that a significant portion of 'DIY' investors are open to working with a human advisor (and paying for the (..)

Financial Planner 221

Financial Planner Compensation Planning Asset Allocation Retirement Planning 221

Cordant Wealth Partners

NOVEMBER 12, 2021

In this article, we cover what you need to know about the Microsoft Deferred Compensation Plan (DCP) for the upcoming enrollment period. Every November, the Microsoft deferred compensation plan opens for enrollment and salary deferral elections for the upcoming year. Next, let’s take a look at how to quantify that risk.

Compensation Planning 52

Compensation Planning Planning Distribution Taxes 52

Cordant Wealth Partners

NOVEMBER 12, 2021

In this post, we cover three ways you can reduce the risk you have in your deferred compensation plan (DCP) for those that have a substantial portion of their net worth tied up in deferred compensation. 409(a) Nonqualified Deferred Compensation plans present a fantastic way to defer taxes and build net worth.

Compensation Planning 52

Compensation Planning Planning Taxes Insurance 52

Nerd's Eye View

SEPTEMBER 23, 2022

From there, we have several articles on insurance and investment planning: Why the chair of the Senate Finance Committee has taken an interest in the private placement life insurance market. A new designation is available for advisors looking to serve clients with nonqualified deferred compensation plans.

Financial Planner 207

Financial Planner Compensation Planning Compliance Insurance 207

Wealth Management

NOVEMBER 27, 2024

Louis Diamond offers UBS advisors a perspective on the firm’s compensation plan changes, which were announced on Nov.

Compensation Planning 105

Compensation Planning Financial Advisor Planning 105

Nerd's Eye View

OCTOBER 29, 2024

In this episode, we talk in-depth about how Travis originally developed his specialization of student loan planning through first correcting the misinformation given to his (now-)wife and her friends in the medical field (and realized that he could give high value to a chronically underserved population), how Travis first started his student loan consulting (..)

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Consulting Clients Financial Planning Compensation Planning 180

Nerd's Eye View

AUGUST 8, 2023

And be certain to listen to the end, where Lori shares why, even though she has experienced turmoil in her business, she tries to maintain a positive outlook because without these experiences, she would not have developed the specific expertise or become the advisory firm owner she is today, why, after dealing with a personal tragedy and not coming (..)

Investments 205

Investments Investing Financial Advisor Compensation Planning 205

Advisor Perspectives

DECEMBER 6, 2022

This nonsense is non-existent in the RIA model.

Compensation Planning 52

Compensation Planning Planning 52

Advisor Perspectives

AUGUST 29, 2023

In a potentially positive trend for investors, the number of companies incorporating ESG metrics in their executive compensation plans has been growing.

Executive Compensation 81

Executive Compensation Compensation Planning Numbers Planning 81

Nerd's Eye View

JANUARY 21, 2025

In this episode, we talk in-depth about why Daniel decided to outsource tax return preparation (rather than hire someone to do it in-house) to be able to access the expertise of the CPAs his firm uses (particularly for clients with complicated equity compensation plans), how Daniel views these CPA relationships as mutually beneficial from a financial (..)

Taxes 130

Taxes Tax Planning Financial Advisor Compensation Planning 130

NAIFA Advisor Today

AUGUST 5, 2022

Nonqualified benefits, like deferred compensation plans, 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.

Compensation Planning 52

Compensation Planning Retirement Planning Taxes 52

Cordant Wealth Partners

OCTOBER 25, 2021

What’s the Risk of the Intel SERPLUS Plan? As a non-qualified deferred compensation plan, your SERPLUS account is, by rule, an unsecured liability of Intel. This is the primary risk and the main drawback of participating in the deferred compensation plan. Concerned about your risk in the SERPLUS plan?

Compensation Planning 52

Compensation Planning Distribution Taxes Planning 52

Cordant Wealth Partners

NOVEMBER 20, 2020

409(a) Nonqualified Deferred Compensation Plans present one of these opportunities. As a participant in your company’s deferred compensation plan, you’ve become an unsecured creditor of your company. The Benefits of Deferred Compensation Plans. The Risks of Deferred Compensation Plans.

Compensation Planning 52

Compensation Planning Taxes Distribution Planning 52

Cordant Wealth Partners

JANUARY 28, 2021

Employees of what was formerly Mentor Graphics, now Siemens, may find that they are eligible for Siemens’ Deferred Compensation Plan (DCP) and wonder if they should defer their salary and/or bonus into the plan. The Benefits of Deferred Compensation. The Risks of Deferred Compensation Plans. Let’s dive in.

Compensation Planning 52

Compensation Planning Taxes Planning Distribution 52

MarketWatch

JUNE 14, 2023

The company said its buyback program doesn’t include shares repurchased in connection with share-based compensation plans. Based on Tuesday’s stock closing price of $18.31, the company could buy back 10.46 million shares under the current program, which represents 19.2% of the shares outstanding as of March 31.

Compensation Planning 40

Compensation Planning Planning Marketing Marketing 40

Darrow Wealth Management

NOVEMBER 17, 2022

Some examples include: timing stock option exercises and sales (particularly around year-end), an 83(b) election, increasing pre-tax contributions to a retirement plan, evaluating a non-qualified deferred compensation plan , charitable endeavors, timing of withdrawals from an inherited IRA , alternate tax filing status, and so on.

Taxes 91

Taxes Wealth Management Tax Planning Planning 91

Nationwide Financial

MARCH 6, 2023

Informally fund nonqualified deferred compensation plans If the business has a nonqualified deferred compensation plan for key employees, it may make sense to informally fund that plan in 2023 to ensure the company has the cash flow to meet the future obligation.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Diamond Consultants

JANUARY 21, 2025

But this question is a fair one, especially in light of the recent compensation plan announcement from UBS: Are the big firms delivering value commensurate with what they are charging? Stay because you have the ability to serve clients without limitation.

Recruitment 52

Recruitment Compensation Planning Clients Consulting 52

Ballast Advisors

NOVEMBER 29, 2022

It’s common for businesses to court talented executives with a variety of perks, including signing bonuses, stock options, and nonqualified deferred compensation plans to supplement regular pensions and retirement savings.

Recruitment 40

Recruitment Compensation Planning Clients Retirement 40

Walkner Condon Financial Advisors

JUNE 27, 2023

Deferred compensation plans. If you have elected to defer part of your compensation via a Nonqualified Deferred Compensation plan (NQDC), your payout will still follow your initial election unless the plan has a provision of early termination.

Insurance 52

Insurance Insurance Coverage Compensation Planning Financial Advisor 52

Walkner Condon Financial Advisors

JUNE 27, 2023

Deferred compensation plans. If you have elected to defer part of your compensation via a Nonqualified Deferred Compensation plan (NQDC), your payout will still follow your initial election unless the plan has a provision of early termination.

Insurance 52

Insurance Insurance Coverage Compensation Planning Financial Advisor 52

Harness Wealth

DECEMBER 30, 2024

Employers have the discretion to opt out of permitting 83(i) elections by declining to establish these conditions or explicitly excluding the election from equity compensation plans. This ensures employers maintain control over the application of 83(i) elections within their equity compensation plans.

Taxes 52

Taxes Compliance Compensation Planning Financial Advisor 52

Cordant Wealth Partners

SEPTEMBER 7, 2022

Should I contribute to my Deferred Compensation Plan (DCP) or the Mega Backdoor Roth? As one of the most significant benefits available to you as a Microsoft employee, it’s worth considering the strategy as part of your overall financial planning. The Microsoft DC P is available to employees’ starting at level 67.

Taxes 52

Taxes Accounting Compensation Planning Retirement 52

Zajac Group

MARCH 20, 2023

While tax aware decision-making is an important part of equity compensation planning, you may have to decide which is more important to you: deferring or avoiding taxes, or reducing concentration risk? Or, you may seek to optimize tax via an exercise and hold of incentive stock options (or exercise NQSOs early and file an 83(b) ).

Risk Tolerance 98

Risk Tolerance Taxes Portfolio Planning 98

Cordant Wealth Partners

SEPTEMBER 9, 2022

With all deferred compensation plans, it’s important to remember that they are unsecured liabilities and subject to the company’s credit risk. For more information on balancing the risks of deferred compensation plans, see our post, Three Risk Reduction Strategies for Deferred Comp Plans.

Engineering 52

Engineering Taxes Insurance Accounting 52

Cordant Wealth Partners

SEPTEMBER 27, 2021

With all deferred compensation plans, it’s important to keep in mind that they are unsecured liabilities and subject to the credit risk of the company. For more balancing the risks of deferred compensation plans, see our post Three Risk Reduction Strategies for Deferred Comp Plans. 10 years, 15 years, etc.),

Engineering 52

Engineering Taxes Insurance Compensation Planning 52

Your Richest Life

APRIL 15, 2024

If you prefer a Roth, some 403(b) plans may also offer Roth accounts, and those contributions are tax-free when distributed. 2024 contribution limit: $23,000 457 plan – A 457(b) deferred compensation plan is available to the employees of some state and local governments and tax-exempt organizations.

Retirement Planning 52

Retirement Planning Retirement Planning Taxes 52

Diamond Consultants

JUNE 28, 2023

Jake landed on a “middle ground” option, choosing to go to RBC to monetize his life’s work and recoup some of his deferred compensation. Overall, RBC had a more entrepreneurial culture, offering an extra support team member and a simplified and consistent compensation plan that no longer emphasized banking.

Compliance 52

Compliance Recruitment Clients Compensation Planning 52

Zoe Financial

FEBRUARY 14, 2023

Income Reduction : Your employer may offer a deferred compensation plan that allows you to postpone approximately 10% of your salary or a bonus. HSAs have three strong advantages: Savings with pre-tax dollars. Growing tax deferral. Tax-free qualified distributions.

Taxes 52

Taxes Financial Advisor Tax Planning Planning 52

Harness Wealth

OCTOBER 8, 2024

As of October 9, 2024 If your firm provides comprehensive tax planning services, you’ll be better positioned to gain new clients in the Harness Marketplace compared to firms that mainly focus on tax preparation.

Taxes 52

Taxes Clients Tax Planning Healthcare 52

Cordant Wealth Partners

AUGUST 16, 2024

If you are eligible for Retirement and are over 60, or if you meet the Rule of 75, you should also consider the award dates when planning retirement as working until the vesting dates still, in most cases, get you an extra year of vesting.

Planning 52

Planning Retirement Taxes Accounting 52

Carson Wealth

MAY 4, 2023

Given the variety of factors that come into play, proper tax planning considers prior year exercises and future exercises and dispositions. Track your awards, holdings, and transactions throughout each year as such information is necessary to properly prepare your tax return.

Taxes 52

Taxes Sales Planning Tax Planning 52

Zoe Financial

MARCH 22, 2023

Avoid Dependency Other sources of income that some people receive include a pension, deferred compensation plan, or the sale of a business. Not only do you get an increased benefit, but you also get the annual cost of living adjustments that social security provides on the increased benefit amount for the rest of your life.

Retirement 40

Retirement CFP Taxes Accounting 40

Cordant Wealth Partners

DECEMBER 2, 2022

If you are eligible for Retirement and over 60, or if you meet Rule of 75, you should also consider the award dates when planning retirement as working until the vesting dates still, in most cases, gets you an extra year of vesting. SERPLUS – Carrot Date: January 15 th.

Planning 52

Planning Retirement Taxes Accounting 52

Zajac Group

JANUARY 24, 2023

Next Steps As you can see, even a quick take on ISO tax planning yields considerable food for thought. Rather than try to digest it on your own, we suggest sharing the bounty with someone who specializes in equity compensation planning.

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Taxes Sales Tax Planning Planning 52