Blog
Select a Category
Posted on September 3, 2024 by Dan Pascone
Credit Scores Demystified: The Key to Elite Financial Privileges
Imagine a financial world where every dollar you borrow comes at the lowest possible cost, every credit card you open offers elite perks, and your mortgage rate is the envy among your friends with home ownership aspirations. Those are just a few perks of an excellent credit score. Your credit score isn’t just a number […]
Posted on August 24, 2024 by Dan Pascone
The QSBS Advantage: How to Turn Startup Equity into Tax-Free Wealth
Imagine a world where you can invest in a promising startup, hold onto your shares for a few years, and then, when the time is right, sell those shares and keep a significant chunk (and maybe all) of your gains out of the taxman’s reach. Qualified Small Business Stock (QSBS) refers to shares in a […]
Posted on August 20, 2024 by Dan Pascone
The Silver Lining of Lower Income Years: Tax Tricks for Top Earners
Picture this: you’re a top earner who has spent years climbing the career ladder, accumulating increasing salaries, bonuses, and stock options, each year greater than the last. Then, life throws you a curveball. Maybe you’ve decided to take a sabbatical to travel the world, pursue a passion project, or simply recharge. Perhaps you’re navigating a […]
Posted on August 13, 2024 by Dan Pascone
Down Market Tactics: A Modern Investor’s Guide to Tax Loss Harvesting
It’s August 2024, a snapshot in time when tax loss harvesting could have been used to significant effect. The S&P 500 saw its biggest single-day drop since September 2022. The Dow shed more than 1,000 points. The Nasdaq 100 erased almost $1 billion in market value. The Nikkei 225, Japan’s benchmark stock index, saw its […]
Posted on August 5, 2024 by Dan Pascone
How High Earners Can Thrive Between Jobs: Smart Emergency Funds
As careers progress and responsibilities change, the way we think about financial security evolves. When it comes to career transitions or even contemplating a career change, the financial safety net, specifically the emergency fund, gets a heightened priority. Although the often-prescribed six months of emergency funds may seem arbitrary, this guideline is designed to offer […]
Posted on July 29, 2024 by Dan Pascone
4 Financial Factors to Consider Beyond Salary
As a financial planner, evaluating job offers for high earners has evolved into an art form that goes beyond calculating the base salary. While the appeal of perks like free lunches, gym memberships, and in-office catering options is undeniable, these surface-level attractions are often used to distract from an otherwise lackluster package; they’re the cherries […]
Posted on July 23, 2024 by Dan Pascone
Maximizing Employer-Sponsored Retirement Plan Contributions
With benefits like immediate tax relief today and employer matches, employer-sponsored retirement plans, like 401(k)s, can be a relatively passive method of saving to a comfortable, secure retirement. However, genuinely harnessing their power requires understanding their history nuances and how to leverage them among your other tax-advantaged accounts. A Brief History of Employer-Sponsored Retirement Accounts […]
Posted on July 16, 2024 by Dan Pascone
Rolling Over Your 401(k): Best Practices for Managing Retirement Accounts
Managing your 401(k) might seem like a small fish in a big sea of decisions while considering job changes, but it’s actually a whale of a task. A 401(k) rollover involves transferring funds from your current 401(k) plan to a new 401(k) plan or an IRA. The IRS allows you sixty days from the date […]
Posted on July 11, 2024 by Dan Pascone
Upgrade Your Pay: How to Get the Best Compensation Package
Whether you just landed a new job or wonder whether the grass is greener elsewhere, your compensation package can be an excellent compass for making the best decision. Compensation packages can be very straightforward and a collection of financial and lifestyle perks to sweeten the deal, and in rare occasions, a golden ticket to multigenerational […]
Posted on July 2, 2024 by Dan Pascone
Tax Tips for Cash Bonuses, RSUs, and Stock Options
Companies typically offer various types of bonuses, such as cash bonuses, stock options, and Restricted Stock Units (RSUs), and each comes with unique considerations. These bonuses, typically awarded annually, quarterly, or even as performance-based incentives, are a welcome windfall, but the tax implications can be an unanticipated cold plunge. Let’s break down the key points […]