Why Is College So Expensive? (And How To Plan For It)
Funding a degree is a significant undertaking, especially for young adults. It’s vital to make financially informed decisions and start saving early!
How To Completely Master Your Equity Compensation: Exploring NQDC Plans
In our last post, we reviewed the intricacies of Restricted Stock Units (RSUs). In part two of our mastering equity compensation series, we jump into the world of NQDC plans. Nonqualified deferred compensation plans (NQDC) are a type of employee retention benefit that allows certain employees to defer a portion of their pay until a later date. You might be asking yourself, why on earth would I do that? If you are earning more than $200,000, you should consider investment options over and above your typical 401(k). Since a 401(k) is limited to $19,500/year(2021) contribution, a high earner will only be able to defer a small fraction of their pay. NQDC plans are perhaps a perfect example of delayed gratification. These plans allow an employee to earn benefits (i.e., cash, bonuses, wages, equity compensation) from their employer in one year and receive the income in another. The best part? The taxes…
K-12 Education Savings Vehicles You Need To Consider
K-12 expenses are incurred in a short time frame. This will impact the way you save and require a more conservative investing strategy.
How To Completely Master Your Compensation: A Look at RSUs
RSU’s are a type of equity compensation granted to employees via company stock. Understanding them can have huge financial benefits.
How To Loan Money To Family + 3 Ways To Set Better Financial Boundaries
Loan or gift? Giving money to family or friends is difficult. How can you financially support them while also protecting yourself?
How Married Couples Can Be Better Partners In Their Financial Plans
It is critical to have a plan on how you’ll work together as a couple to build a healthy financial future.
4 Things You Need To Consider Before Purchasing A Rental Property
Make sure you know these facts before purchasing a rental property; because managing it is a huge financial and personal undertaking.
Think Twice Before Starting an LLC: 3 Considerations Before Finalizing An Entity
Depending on your size, revenue goals, tax considerations, and legal protections, you may be surprised by what best suits your needs.
The 5 Elements All Successful Businesses Have In Common
A great way to make that growth organic to your business and its values is to build a strong foundation—a financial roadmap.
How The Sandwich Generation Can Take Control Of Their Finances
Intergenerational finances bring challenges like navigating your finances as well as those of your children and parents.