Your Richest Life

APRIL 15, 2024

Do you have a plan in place for your retirement? For many people, the extent of their retirement planning includes signing up for the plan at work – which is often more of a starting point than a comprehensive retirement plan. Some 457 plans can allow for Roth contributions and in-plan rollovers.

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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. This framework is specific to the Intel SERPLUS fund but can be generalized to any deferred compensation decision.

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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. Information obtained herein is from sources that are believed to be reliable. Information obtained herein is from sources that are believed to be reliable.

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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. Tax Benefits.

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Compensation Planning Taxes Planning Distribution 52

Cordant Wealth Partners

SEPTEMBER 8, 2022

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! ) The key benefits of any 401(k) plan (including Microsoft’s) include: Free Money : A company match on your contributions.

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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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Zajac Group

MARCH 20, 2023

One strategy to consider particularly for those with significant wealth or instant wealth could be a 10b5-1 plan. Reason #5 – Tax Tradeoffs: So much of equity compensation and the decision to sell (or not sell) is tied to income tax. Or, as an executive, you may be subject to pre-clearance, section 16 reporting, or restrictions.

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MarketWatch

JUNE 14, 2023

The company said its buyback program doesn’t include shares repurchased in connection with share-based compensation plans. Visit MarketWatch.com for more information on this news. The stock, which was inactive in the premarket, has run up 24.9% year to date while the S&P 500 SPX has advanced 13.8%.

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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. For example, one could assume that, after one year, any marketing plan would be less useful to a competitor.

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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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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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Harness Wealth

OCTOBER 8, 2024

Tax practices that provide comprehensive tax planning services are better positioned to gain new clients in the Harness Marketplace compared to firms that mainly focus on tax preparation. Provide personal and professional tax planning: Many clients are looking for comprehensive tax planning.

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Cordant Wealth Partners

SEPTEMBER 7, 2022

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. At Microsoft, under the “ROTH IN PLAN CONVERSION” section, you will select the option to “Convert After-tax to Roth.”

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Zajac Group

JANUARY 10, 2023

All that thinking can backfire if “TMI” (too much information) prevents you from proceeding. Can’t decide how to decide what to do with your equity compensation? Simplifying the Equity Compensation Complexities: Keep, Spend, or Save it. One way around this, particularly for executives, may be to establish a 10b5-1 plan.

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Carson Wealth

MAY 4, 2023

In practice, ISOs create complex tax compliance and planning issues for both employers and employees. Depending on the plan agreement, there are several ways to “pay” for the stock at the strike price. As such, it is necessary to factor in AMT when planning for ISOs.

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Zajac Group

JANUARY 24, 2023

This is important from a year-end planning perspective, particularly if you e xercise ISO early in the calendar year at one price, and the stock price by year-end is significantly lower. A Note on Tax Planning: In a disqualified disposition of ISO, no income tax is withheld when you sell.

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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. Health Savings Accounts (HSAs) HSAs are available to individuals enrolled in high-deductible health plans (HDHPs).

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Sara Grillo

AUGUST 14, 2023

The Institute exists to preserve, protect and defend fiduciary principles in investment advice, wealth management and financial planning. He has presented papers at conferences on topics such as investment fraud, risk management, and retirement planning. Lee holds a Ph.D.

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Cordant Wealth Partners

NOVEMBER 12, 2021

[Editor’s note: Information contained in this post is based off information for the 2021 DCP enrollment period. In this article, we cover what you need to know about the Microsoft Deferred Compensation Plan (DCP) for the upcoming enrollment period. You must defer compensation for at least 12 months. “At

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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. You must defer compensation for at least 12 months. “At

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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

[Editor’s note: Information contained in this post is current based on the 2022 guide for Intel SERPLUS open enrollment.]. What’s the risk of the Intel SERPLUS plan? 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.

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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.

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Taxes Startup Wealth Management Planning 85

Brown Advisory

OCTOBER 6, 2020

It conducts its Community Needs Health Assessment—a study that all hospitals conduct to determine program and budget priorities—using a racial equity lens, so it can effectively incorporate underlying factors like poverty that impact children’s health into its plans.

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Executive Compensation Education Clients Compensation Planning 52

Brown Advisory

OCTOBER 6, 2020

It conducts its Community Needs Health Assessment—a study that all hospitals conduct to determine program and budget priorities—using a racial equity lens, so it can effectively incorporate underlying factors like poverty that impact children’s health into its plans. And Part of the Problem.

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Executive Compensation Education Clients Compensation Planning 52

Zajac Group

MAY 20, 2025

If youre offered incentive stock options (ISOs) as part of your compensation package, you have an exciting opportunity ahead to build significant wealth. The key is to know what, exactly, youre being given, when your tax bill may be impacted, and how to incorporate your equity comp into your greater financial plan.

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Taxes Sales Portfolio Compensation 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.

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Taxes Startup Wealth Management Planning 62