In the heart of Silicon Valley’s tech world, grasping the details of equity compensation such as Restricted Stock Units (RSUs), Stock Options, and Employee Stock Purchase Plans (ESPPs) is a key aspect for tech executives. Our team in Campbell, California, at Wade Financial Advisory, focuses on providing information and insights into these complex forms of compensation.
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When Social Security was first introduced in 1935, its primary purpose was to act as a safety net for retirees with inadequate savings, rather than serving as their main income source during retirement. Back then, life expectancies were shorter, and retirees often relied on pensions for support. However, the economic landscape of today has brought about significant changes in attitudes toward Social Security, and pensions have largely become a thing of the past. Now, Social Security benefits account for approximately 30% of retirees’ income, making maximizing your Social Security benefits a vital aspect of your retirement plan.
Before we explore different strategies for maximizing your Social Security benefits, let’s define a couple of useful terms that are specific to Social Security:
Continue reading for valuable tips that can help you make the most of these benefits and build greater retirement income security.
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Understanding Social Security: Considerations for Maximizing Your BenefitsRead More »
Understanding Social Security: Considerations for Maximizing Your Benefits Read More »
Much of financial planning revolves around your retirement planning strategy – a strategy that very likely involves investing. On the surface, investing may seem to be all about facts and figures, like principles and interest rates. However, there’s always a human element that shouldn’t be overlooked. In fact, an entire domain of psychology known as behavioral finance shows we are all susceptible to cognitive biases and emotional influences that impact self-control, risk tolerance, and rational behavior.
In this article, we’ll explore two of the most common cognitive biases – herd behavior and overconfidence – and how they could be sabotaging your financial plans. Once you are aware of them, you can combat these negative behaviors and move beyond them for greater financial security in retirement.
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These Cognitive Biases Could Sabotage Your Financial PlanningRead More »
These Cognitive Biases Could Sabotage Your Financial Planning Read More »
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