Annrose Isaac CPA, CFP®, MBA | Wade Financial Advisory | Fee-Only Financial Advisor serving Silicon Valley

Navigating 83(b) Elections: Insights for Founders and Employees

Wealth Management / Annrose Isaac CPA, CFP®, MBA

In the complex world of equity compensation, understanding the intricacies of 83(b) elections is crucial. Whether you are the founder of a company or an employee in Silicon Valley’s vibrant startup scene, making informed decisions about 83(b) elections can significantly impact your financial future. In this article, we delve into some complex questions surrounding 83(b) elections, providing insights that could guide your next financial move.

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Navigating 83(b) Elections: Insights for Founders and Employees Read More »

Financial Goal Setting for the New Year: Three Strategies

Wealth Management / Annrose Isaac CPA, CFP®, MBA

As we stand on the threshold of a new year, it’s the ideal time to reflect on the past and plan for the future. One area that often takes center stage as we make our resolutions is personal finance. By setting clear and achievable financial goals, you can begin working towards building a secure and prosperous future. Below, we’ll explore three effective strategies to help you with financial goal-setting for the new year so you can better navigate the upcoming year with confidence and purpose.

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Financial Goal Setting for the New Year: Three StrategiesRead More »

Financial Goal Setting for the New Year: Three Strategies Read More »

Roth Conversion: Evaluating If It Aligns with Your Financial Goals

Wealth Management / Annrose Isaac CPA, CFP®, MBA

In the ever-changing realm of personal finance, people are continually searching for new and creative ways to enhance their retirement plans while reducing their tax obligations. One such strategy that has garnered increased attention in recent years is the Roth conversion. This financial tactic permits individuals to transform a portion or all of their pre-tax retirement savings into Roth assets, potentially yielding substantial tax advantages over time. If you’re looking for new ways to boost your retirement savings, read on for an exploration into factors that you should keep in mind when determining if a Roth conversion properly aligns with your financial goals.

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Roth Conversion: Evaluating If It Aligns with Your Financial GoalsRead More »

Roth Conversion: Evaluating If It Aligns with Your Financial Goals Read More »

Learn six helpful strategies to enhance your retirement readiness and achieve financial stability.

Strategies to Improve Your Retirement Readiness

Retirement Planning / Annrose Isaac CPA, CFP®, MBA

Preparing for retirement is an important, ongoing process that requires meticulous planning and a proactive mindset. Whether you’re at the beginning of your career or nearing retirement age, it is helpful to take actions now that will bolster your retirement readiness for the future. Through prudent decision-making and the implementation of effective strategies, you can pave the way for a more enjoyable, worry-free, and financially secure retirement phase of life. We’ll discuss six such strategies below.

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Strategies to Improve Your Retirement Readiness Read More »

Exercising stock options early can be a way for some people to increase profit and minimize taxes, but there are some risks.

Could You Benefit from Exercising Your Stock Options Early?

Uncategorized, Wealth Management / Annrose Isaac CPA, CFP®, MBA

Many companies offer their employees stock options as part of their compensation packages. Stock options offer the right to purchase shares of the company at a fixed exercise price for a specified number of years. For example, your employer may offer you options to purchase 10,000 shares of the company at a strike price of $1 that vests over four years with the first 25% vesting on your one-year anniversary. Generally, options are exercisable on or after their vesting date. However, some optionees have the opportunity to exercise options before they vest in what is called an early exercise option. This type of compensation may provide the opportunity for a significant payout in the future if the value of the stock continues to rise after the options are exercised. But option exercises also create the potential for a significant tax bill. Some people can reduce their tax liability by exercising stock options early, and we’ll discuss the benefits and risks of this strategy below.

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Could You Benefit from Exercising Your Stock Options Early?Read More »

Could You Benefit from Exercising Your Stock Options Early? Read More »

Should You Consider Cashing in Your Stock Options?

Uncategorized, Wealth Management / Annrose Isaac CPA, CFP®, MBA

Stock options are a common form of equity compensation, and they can be a valuable asset in your financial planning strategy. However, as with all areas of finance, it’s important to recognize that your finances and your emotions are intertwined. While you may think you make completely rational financial decisions, human nature makes it nearly impossible to do so. In the case of stock options, you may feel that your financial investment and your professional investment of time and energy are linked. This can make it difficult to make the decision to cash in – even if it’s the best financial move for you.

Below are four tips to help you separate your emotions from your financial decision-making around your stock options.

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Should You Consider Cashing in Your Stock Options?Read More »

Should You Consider Cashing in Your Stock Options? Read More »

Understanding Retirement Planning Changes in the SECURE Act 2.0

Retirement Planning, Uncategorized, Wealth Management / Annrose Isaac CPA, CFP®, MBA

Learn About Important and Far-Reaching Provisions that Could Impact Your Financial Future

On December 29, 2022, President Biden signed a bipartisan budget bill that included many retirement savings changes, referred to collectively as the SECURE Act 2.0. It reshaped retirement tax incentives and existing retirement account rules in ways that are likely to have consequences for years to come. Supporters of the legislation say it will encourage stronger retirement savings among workers, while others have expressed concern that some of the provisions expressly benefit high-earners only.

Regardless of where you stand on the efficacy of the legislation, it’s important to understand what the SECURE Act 2.0 means for your finances. The law contains more than one hundred provisions dealing with retirement savings, and below you’ll find details on several that may impact your personal retirement planning efforts.

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Understanding Retirement Planning Changes in the SECURE Act 2.0 Read More »

How to Donate Stock to Charity

Retirement Planning, Uncategorized, Wealth Management / Annrose Isaac CPA, CFP®, MBA

5 Steps to Combine Your Tax Planning and Charitable Giving Goals

Are you passionate about sharing your financial resources with causes and organizations you care about? Do you find meaning in creating an impact in the world? If so, consider how you might donate stock to charity to accomplish both your charitable giving goals and smart tax planning, too.

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How to Donate Stock to Charity Read More »

The Disadvantages of DIY Financial Planning

Retirement Planning, Uncategorized, Wealth Management / Annrose Isaac CPA, CFP®, MBA

Avoid Challenges and Maximize Opportunities by Using a Professional Planner

If you’re someone who takes pride in making your own way in the world, you’re likely wired to feel inspired by the idea of DIY financial planning. It might feel practical to you, or even like the thing you “should” do – crafting your own unique strategy in pursuit of your money goals. However, DIY financial planning may not allow you to take full advantage of the tools available to you – meaning you could also be missing out on another level of financial security and peace of mind.

As you consider your financial plan, be aware of the challenges below that come with choosing to go it alone rather than working with a professional financial advisor.

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The Disadvantages of DIY Financial Planning Read More »

5 Things Every Retirement Plan Should Include

Retirement Planning, Uncategorized, Wealth Management / Annrose Isaac CPA, CFP®, MBA

Retirement planning can feel like a daunting prospect. There are many variables to consider and steps to take along the way. It is important to start planning early so you can find a path forward, especially because you know how important it is to get it right. However, if you’re getting started and wondering about the things every retirement plan should include, we’re here to help.

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5 Things Every Retirement Plan Should Include Read More »