Planning for Future Education Expenses: Understanding 529 Plans
May 4, 2023
In a climate of economic uncertainty, one thing’s for sure — higher education comes with a hefty price tag. According to Sallie Mae’s latest “How
Whether earned through your executive compensation or because you forged your trail as a business owner, equity value can be a hard-earned reward. But there is also risk associated with a highly concentrated asset. Our clients benefit from our experience with concentrated wealth positions like:
Did You Know?
You can frontload a 529 plan by gifting stock to a family member.
Each type of equity compensation comes with its own set of considerations. But in all cases, when planning for equity compensation, it’s important to understand your end game for the proceeds of a liquidity event. Do you want to fund your retirement? Buy or renovate your home? Or create trust for the next generation?
Whatever your end goal, we take action to ensure you’re considering the tax implications as well as how the concentrated wealth impacts the diversification of your overall financial wellness. A single-stock investment — whether it is part of a taxable or tax-advantaged account — bears significant, company-specific, risk. Most stock investors are aware of market risk, but single-stock risk adds some additional complexity that needs to be factored into your investment decisions.
In a climate of economic uncertainty, one thing’s for sure — higher education comes with a hefty price tag. According to Sallie Mae’s latest “How
As you move into retirement, it’s common to think about managing your finances in a new way, including reviewing your various insurance policies, including life
When it comes to planning your financial future, there are many important decisions to make. Whether you’re looking to save for retirement, invest in the
Questions? Concerns? If you’re ready to plan, we’re ready to get you started. Reach out today and we’ll be in touch.
