Will You Owe Estate Tax?
Will you owe estate tax? It may depend on your state!
How Does an ESPP Work?
How does an Employee Stock Purchase Plan work?
Potential Financial Steps for T-Mobile Employees in March
What financial steps might T-Mobile employees 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 RSUs?
What to do with Restricted Stock Units? There are at least fifteen (15) things to do besides hold onto the shares.
Frequent Restricted Stock Unit Vests May Be Win-Win-Win
How often Restricted Stock Units vest varies wildly from company to company. Shortening the time between vests may benefit companies, employees, and shareholders. However, employees stand to gain the most.
Sammy Says! 13 Things the U.S. Tax Code Encourages
Sammy Says! The U.S. Tax code encourages many things. Some of them include: 1. Get educated. 2. Get a job. 3. Earn some money. 4. Don’t make too much. 5. Pay medical expenses. 6. Get married. 7. Buy a home. 8. Go green. 9. Have or adopt children. 10. Invest long-term. 11. Save for retirement. 12. Give some away. 13. Don’t get too rich.
Love Future You
You know who could use some love? Future you! Many people receive their annual raise and bonus this time of year, making now a prime time to increase saving.
Potential Financial Steps for T-Mobile Employees in February
What financial steps might T-Mobile 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 Units and grant, and review / rebalance investment portfolio.
Ignoring the Spousal IRA?
One of the most often overlooked opportunities is the spousal IRA. A spousal IRA is a traditional retirement account a spouse can contribute to despite earning little or no income. Contributing to a spousal IRA may help a couple lower their taxable income, reduce their taxes, and save for retirement.
Your Last Career Will Be Investor
When I was in high school, a mentor told me something that stuck: "No matter what you do, your last career will be investor." Three of the many reasons to learn how to invest include: 1. No one cares about your money as much as you. 2. You know yourself best. 3. It costs a lot to have someone manage investments.
Money and Freedom on MLK Day
A part of Dr. King’s “I Have a Dream” speech that resonates with me is early on when he uses debt as a metaphor for human rights. It’s beautiful how he articulates that the lack of freedom is a debt owed by the U.S. government to all Americans. I often equate money with freedom. However, I find the “Earn More!” / “Spend More!” debate comical. Do both! The forces amplify!
Investing in or Betting on Real Estate?
I know many people betting on real estate. They’re not investing! What’s the difference? Profitability. Someone's home is not an investment. It's a lifestyle! If it were an investment it'd be crazy expensive. This article explores these and many other real estate misconceptions as well as frameworks.
2023 Year in Review
2023 was a busy year! Inflation started hot and has since cooled. There were widespread tech layoffs. The S&P 500 returned 26.3% for the year. Billions in student loans were forgiven. Revenge spending included international travel and over $1,000 concert tickets.
Do You Even Need a Budget?
Do you even need a budget? I don’t budget. My wife and I evaluate expenses and then forecast. We do so for a bunch of reasons, including: a desire not to see expenses yo-yo with a restrictive budget, an opportunity to challenge every expense, and the ability to intentionally build the life we want.
Is Your Cash Starving?
I often meet people who keep way too little cash. They have great incomes - $100,000, $300,000, $500,000 a year, or more! However, they feel poor. Fortunately, many of them have significant investments! Having enough cash is like having good shocks. There are still bumps in the road. They just hurt less.
No Tax on Investment Gains?
Someone might pay no tax after selling an investment for a gain. There is a 0% capital gains tax bracket. However, it is very common for someone to pay a 15% capital gains tax.
Are My Assets in the Right Location?
I often see portfolios where every account is diversified! Such a portfolio is unnecessarily complex… and may not even be diversified although the investor thinks it is! For instance, someone with a heavy concentration of employer stock may own even more of it in their many target date, S&P 500, and sector funds!
5 Great Questions to Ask Yourself
What are five great questions to ask yourself? 1) What do I want my money to accomplish? 2) How do I minimize lifetime taxes? 3) What if I’m injured? 4) How can education costs be reasonable? 5) Are my assets in the right location?
Happy Thanksgiving!
Happy Thanksgiving, all!
I have even more than usual to be thankful for this year - including family, health, time, clients, and support.
Hierarchy of Expenses
What are the hierarchy of expenses? Basic needs, required, autonomy, experience, and gift.
This article explores each in turn.
