Cordant Wealth Partners

AUGUST 16, 2024

Most recently, Intel announced layoffs impacting 15% of the workforce with a plan to cut $10 billion in total costs. Tax planning for a transition out of Intel is critical. During layoffs, Intel offers severance packages or voluntary separation packages (VSP) when cost reductions are a priority.

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Planning Retirement Taxes Accounting 52

Cordant Wealth Partners

DECEMBER 2, 2022

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. Tax planning for a transition out of Intel is critical. Intel Retirement Contribution Plan. SERPLUS (Intel’s deferred compensation account). Intel Minimum Pension.

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Planning Retirement Taxes Accounting 52

Cordant Wealth Partners

SEPTEMBER 9, 2022

Like any major corporation, Microsoft’s compensation package includes various programs and benefits for its employees. For example, base salary makes up around 70% of total compensation for the typical Level 59 Software Engineer versus less than 50% for a Level 67 Principle SDE. Planning opportunities with the ESPP: Enroll!

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Engineering Taxes Insurance Accounting 52

Cordant Wealth Partners

SEPTEMBER 27, 2021

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. Planning opportunities with RSUs: Use RSU income to maximize contributions to other benefits programs.

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Engineering Taxes Insurance Accounting 52

Zoe Financial

FEBRUARY 14, 2023

However, once you get into the best practices, you can plan ahead and maximize your tools in preparation for every tax season. However, once you get into the best practices, you can plan ahead and maximize your tools in preparation for every tax season. Tax planning can be overwhelming , but it doesn’t have to be.

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Taxes Tax Planning Financial Advisor Planning 52

Harness Wealth

MARCH 11, 2024

Retirement contributions Individuals can take advantage of various tax-related retirement planning strategies to reduce their taxable income today and post-retirement. The donor relinquishes ownership of the assets but retains advisory privileges over how the contributions are invested and how grants are distributed to charities.

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Startup Taxes Medical Retirement 59

Zoe Financial

MARCH 22, 2023

Considering your retirement lifestyle plans and associated costs, it’s important to consider inflation. Avoid Dependency Other sources of income that some people receive include a pension, deferred compensation plan, or the sale of a business. There are going to be investment events that you must also plan for.

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Retirement CFP Taxes Accounting 40

Carson Wealth

JULY 19, 2022

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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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. Finally, what distribution schedule should I elect?

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Compensation Planning Planning Distribution Taxes 52

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. Finally, what distribution schedule should I elect?

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Nationwide Financial

MARCH 6, 2023

For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year. One strategy is to accumulate deductions that a client would normally take over 2 years into a single year.

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Tax Planning Taxes Planning Distribution 78

Cordant Wealth Partners

OCTOBER 25, 2021

What’s the risk of the Intel SERPLUS plan? Finally, what distribution schedule should I elect? Distribution options. You can elect to distribute your deferred compensation while still employed by Intel or after your employment ends. Distribution election: Lump sum vs. installments. Options while employed.

Compensation Planning 52

Compensation Planning Distribution Taxes Planning 52

Darrow Wealth Management

MAY 9, 2025

Unlike stock options or employee stock purchase plans (ESPPs), with restricted stock awards, the employee usually doesn’t have to buy the shares as they’re often granted at no cost. Key features of a restricted stock grant Review your grant agreement and the stock plan documents and look for the key terms below.

Taxes 52

Taxes Startup Wealth Management Planning 52

Darrow Wealth Management

MAY 9, 2025

Unlike stock options or employee stock purchase plans (ESPPs), with restricted stock awards, the employee usually doesn’t have to buy the shares as they’re often granted at no cost. Key features of a restricted stock grant Review your grant agreement and the stock plan documents and look for the key terms below.

Taxes 59

Taxes Startup Wealth Management Planning 59