Darrow Wealth Management

NOVEMBER 17, 2022

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

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Nationwide Financial

MARCH 6, 2023

Even if a client believes they would not be subject to estate or gift tax under current law, you may want to re-examine the value of their assets to determine whether they exceed a lower exemption amount. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.

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Zoe Financial

FEBRUARY 14, 2023

Zoe’s Tell-All: 2023 Tax Season Published February 14th, 2023 Reading Time: 5 minutes Written by: The Zoe Team If you’re a golfer, you know a lot goes into the brilliant game. Similarly, filing taxes includes many steps and details everyone needs to know about. 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

As a company founder, early startup employee, or small business owner, you may find yourself in a higher tax bracket as your business grows or you realize gains from equity compensation. But that doesn’t mean you simply have to accept a higher tax bill.

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Zajac Group

JANUARY 24, 2023

If your employer has granted you incentive stock options (ISOs) , you’ve likely spent time researching the tax treatment. If so, you’ve probably read about the alternative minimum tax (AMT), and qualifying and disqualifying dispositions. When you do, the sale is either a qualified or disqualified sale, and is taxed accordingly.

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Taxes Sales Tax Planning Planning 52

Cordant Wealth Partners

OCTOBER 25, 2021

What’s the risk of the Intel SERPLUS plan? Second, what’s the magnitude of the tax benefit from deferring income? Intel SERPLUS Contribution Scenario and Tax Calculator (excel download). Intel’s SERPLUS (Deferred Compensation) program is available to employees at grade level 10 or higher. FREE RESOURCES.

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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.

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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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Cordant Wealth Partners

NOVEMBER 20, 2020

409(a) Nonqualified Deferred Compensation Plans present one of these opportunities. You willingly forgo income today with the faith that your company will survive many years into the future to make good on this liability to you—all for a tax benefit that tips the odds in your favor. The Benefits of Deferred Compensation Plans.

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Your Richest Life

APRIL 15, 2024

There are traditional and Roth 401(k)s, both differentiated by their tax benefits. Traditional 401(k) – Employee contributions reduce taxable income, but withdrawals in retirement are taxed. Like a 401(k), a 403(b) plan lets employees put some of their salary into an account, and it’s generally not taxed until it’s distributed.

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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. Like a Roth IRA, the Roth 401(k) is tax-free money. Let’s look at how this is done.

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Taxes Accounting Compensation Planning Retirement 52

Zajac Group

MARCH 20, 2023

Reason #5 – Tax Tradeoffs: So much of equity compensation and the decision to sell (or not sell) is tied to income tax. You might seek to defer income tax, simply, by not exercising options or selling shares. All else equal, long-term capital gain tax rates are preferred to ordinary income rates.)

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Risk Tolerance Taxes Portfolio Planning 98

Cordant Wealth Partners

AUGUST 16, 2024

Other pay : Certain employees can be eligible for “pay in lieu of redeployment” (9 weeks) and an “additional separation bonus” (8 weeks) It’s important to note that severance payouts are taxed as ordinary income in the year of payout. Tax planning for a transition out of Intel is critical.

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Planning Retirement Taxes Accounting 52

Cordant Wealth Partners

SEPTEMBER 9, 2022

Source: Levels.fyi Planning opportunities with salary: Contribute to your 401(k), HSA, and (for those Level 67+) Deferred Compensation accounts to reduce your taxes today. Microsoft Compensation: Bonuses Bonuses are paid annually in September at Microsoft and typically range from 0-40% of your base pay.

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Engineering Taxes Insurance Accounting 52

Walkner Condon Financial Advisors

JUNE 27, 2023

Severance pay is taxable and will be included on your W-2 for tax purposes. Expect federal and state taxes to be withheld. That said, your employer has been paying for unemployment insurance through payroll taxes for as long as you were working. Deferred compensation plans. Unemployment insurance.

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Walkner Condon Financial Advisors

JUNE 27, 2023

Severance pay is taxable and will be included on your W-2 for tax purposes. Expect federal and state taxes to be withheld. That said, your employer has been paying for unemployment insurance through payroll taxes for as long as you were working. Deferred compensation plans. Unemployment insurance.

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Insurance Insurance Coverage Compensation Planning Financial Advisor 52

Carson Wealth

MAY 4, 2023

The intent of stock option compensation is to align the interests of the employees with that of the company: The employee’s compensation increases as the stock price increases. Stock options can be either qualified or non-qualified, and the primary difference is how they are taxed.

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Cordant Wealth Partners

SEPTEMBER 27, 2021

Planning opportunities with salary: Contribute to your 401(k), HSA, and (for those Level 67+) Deferred Compensation accounts to reduce your taxes today. The higher your level, the higher percentage of y our total compensation this cash bonus will represent. Stock compensation at Microsoft is offered via RSUs.

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Engineering Taxes Insurance Compensation Planning 52

Zajac Group

JANUARY 10, 2023

After all, there is plenty to think about if you’ve been granted equity compensation. You might become mired in taxing technicalities, including AMT calculations. Can’t decide how to decide what to do with your equity compensation? Above that, you should also carve out the amount you’ll need to cover any taxes due on the sale.

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Taxes Planning Financial Planning Investing 52

Zoe Financial

MARCH 22, 2023

Not all income is created equal – and different income sources also carry other consequences , especially regarding taxes. For example, the money you will withdraw from a Roth IRA would be tax-free, and some retirees jump in early to use their Roth IRA accounts. However, this is a mistake.

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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

It’s important to note, severance payouts are taxed, and taxed as ordinary income in the year of payout. So, if you separate from the company near the end of the year, earning both a full year of salary plus severance payouts, you could be pushed into a higher tax bracket. Tax planning for a transition out of Intel is critical.

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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.

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Compliance Recruitment Clients Compensation Planning 52

Sara Grillo

AUGUST 14, 2023

The idea centered on the concepts of simplicity, keeping total investment costs and taxes extremely low and developing a custom investment plan for each client using low-cost asset class and index funds.

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Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Prosperity Coaching

MAY 20, 2022

Financial Advisors Selling to Corporate Executives: Financial services are a diverse field because clients can range from blue-collar workers to high-income earners, all with vastly different needs. Read here: This is my 4th post in The Financial Advisor Ideal Client Blog Post Series: How to attract your ideal clients. Since […].

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Financial Advisor Financial Services Clients Compensation Planning 52

Brown Advisory

OCTOBER 6, 2020

Further, its bonds are backed by all property taxes within the district, which means that disadvantaged neighborhoods should receive priority attention from the District, while the costs of those projects are borne by the District’s strong and diverse overall economy.

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Executive Compensation Education Clients Compensation Planning 52

Brown Advisory

OCTOBER 6, 2020

Further, its bonds are backed by all property taxes within the district, which means that disadvantaged neighborhoods should receive priority attention from the District, while the costs of those projects are borne by the District’s strong and diverse overall economy. And Part of the Problem.

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