May 2021

optimizing employee benefits

Strategies for Optimizing Employee Stock Options

In recent years, generating income from stock options has regained its popularity in executive compensation packages, after falling out of favor during the dot-com bust. Their recent resurgence means there are also growing numbers of executives making poor choices, often because they lack good advice or because they have unwarranted optimism about their companies’ stock prices. Making good decisions and maximizing the value of your stock options starts with understanding what you have. Then, you can begin to develop a strategy that optimizes their value by incorporating tax consequences, your personal risk appetite, the company’s outlook, and more.

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529 plan

Multi-Generational Planning: Funding a 529 Plan for Your Grandchildren

A college education does not come cheaply. Forbes has estimated that the price of a college education has increased 8 times faster than wages, making it important for families to plan ahead in order to fund educational expenses. At Wade Financial Advisory, Inc. (WFA), we routinely discuss the benefits of establishing an Education Savings Plan account (commonly known as a 529 plan account) with our clients.  These accounts provide a cost-effective way to benefit the future generation because grandparents and other family members can easily contribute to a child’s existing 529 plan account. Setting up a 529 plan account as early as possible and adding funds to the account regularly allows for maximum growth opportunity.

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