What Financial Steps Might Tech Professionals Take in September?
What financial steps might tech professionals take in September?
Select employee stock purchase plan contribution percentage
Book Thanksgiving plans
Start benefits and insurance review
Replenish emergency fund
Schedule remaining Paid Time Off (PTO)
What Is a Mega Backdoor Roth?
A Mega Backdoor Roth is an opportunity to save more for retirement, requires specific employer plan options, and impacts cash flow as well as taxes.
What Financial Steps Might Tech Professionals Take in August?
What financial steps might tech professionals take in August?
Shop for Back to School
Take summer vacation
Review investments
Submit dependent care reimbursements
Check financial independence plan
Case Study: Thrived Through a Layoff
This case study explores how a client has been able to thrive despite a layoff! She’s taken many steps to improve her: investments, cash flow, taxes, real estate, protection, estate plan, and life.
Potential Financial Steps for Tech Professionals in July
What financial steps might tech professionals take in July? Options could include: check credit reports, review / rebalance investment portfolio, take summer vacation, attend camps, and submit dependent care reimbursements
One More Year
The math on financial independence seems fantastic… as in unbelievable. However, it’s technically possible! Nonetheless, inertia is tough to overcome. This article explores the pros and cons of waiting one more year to retire.
Potential Financial Steps for Tech Professionals in June
What financial steps might tech professionals take in June? Options could include: enjoy end of school year, replenish emergency fund, prepare for vacation and camps, and submit dependent care reimbursements.
$1 Million in Bank Account
A bank account may not be the place to park $1 million. There could be better opportunities. This article has seven parts: 1. possible scam, 2. drawbacks of checking and savings, 3. appropriate cash reserve, 4. extra compensation, 5. current tax savings, 6. future tax savings, and 7. investment considerations.
Buying a Property You Are Currently Renting
In an ideal world, your landlord would want to sell a home you would like to buy. However, your plans may not perfectly align. This article has three parts to consider if you are looking to buy a property you’re currently renting: 1. Renter wants to buy 2. Landlord wants to sell. 3. Potential next steps.
Potential Financial Steps for Tech Professionals in May
What financial steps might tech professionals take in May? Options could include: review tax withholding (Form W-4), update goals and financial plan, check student loan / other debt balances, fund education savings, and schedule fall Paid Time Off (PTO).
Who Should Be My Beneficiary?
It can be tough to choose a beneficiary for an account! There are many considerations. This article has three parts which may help you select your beneficiaries: 1. Importance of naming a beneficiary, 2. Primary and contingent beneficiaries, and 3. Account type considerations.
What to Do When Stocks Drops
It can be scary when stock markets fall. However, things may not be as bad as they seem. There are steps you can take. This article explores: 1. Not as bad as the headlines, 2. Back to basics, and 3. Current opportunities.
Potential Financial Steps for Tech Professionals in April
What financial steps might tech professionals take in April? Options could include: evaluate stock purchased at a discount, file tax return(s) or extension(s), make tax payment(s) or plan refund(s), review / rebalance investment portfolio, replenish emergency fund, and review tax refund(s).
How Salary Is Calculated
This article explores: 1. How salary is calculated, 2. How salary is determined, and 3. How to get a raise.
Potential Financial Steps for Tech Professionals in March
What financial steps might tech professionals take in March? Options might include: select employee stock contribution %, plan major expenses, finalize last year contributions, prepare taxes, and schedule summer Paid Time Off (PTO).
What to do with $100k
What should I do with $100k? It depends. Five good options include: 1. protect yourself, 2. cut expenses, 3. invest in yourself, 4. make a major purchase, and 5. invest wisely. This article explores ideas for each option.
Potential Financial Steps for Tech Professionals in February 2025
What financial steps might tech employees take in February? Options might include: update saving for raise and bonus, schedule tax prep meeting, gather tax forms and create checklist, accept Restricted Stock Unit (RSU) grant, and review / rebalance investment portfolio.
Get a HELOC Before Retirement?
This article explores an often overlooked strategy. A market drop soon after retirement could force the retiree to sell investments. However, they might be able to use a Home Equity Line Of Credit (HELOC) to delay the sale. Interest rates tend to fall with recessions. Since HELOCs usually have variable interest rates, the debt could become less expensive when it’s needed most.
What Supersavers Miss
Supersavers often overlook opportunities. Some of those include: merit aid, Social Security funding, benefit claiming strategies, single stock exposure, target allocation, asset location, Mega Roth, home gain exclusion, personal liability, rental cash flow, lifetime tax minimization, penalties and interest, withholdingg, bunching donations, Donor-Advised Fund (DAF), giving income away, coverage limits, deductibles, prepaid discounts, umbrella, disability impact, federal estate tax, state estate and inheritance taxes, and step-up in basis.
January 2025 Questions
T-Mobile employees asked some great questions in a recent Q&A session. How do I reduce the tax on stock grants? What should I do with the money after I divest from a single stock? What investments are there besides the S&P 500? Should I contributed to a 529 plan?
