Bill Berg, Financial Advisor

Bill Berg, Financial Advisor CFP®. Helping People retire confidently. Please see website for disclosures.

07/26/2023

If you’re a highly compensated W2 employee concerned you may be paying too much in taxes, make sure you consider:

Maxing out your 401k
Contributing to an HSA
Tax-Loss Harvesting
Donating to Charity
Backdoor Roth IRA

04/20/2023

Are you familiar with Restricted Stock Units (RSUs)? As an employee, RSUs can be an important part of your compensation package. Here are some key things to keep in mind:

1️⃣ RSUs are subject to a vesting schedule. Once the vesting period is over, you own the shares free and clear.

2️⃣ RSUs are taxable in the year that they vest. Make sure to plan accordingly with your tax professional.

3️⃣ Selling RSUs could result in either short-term or long-term capital gains taxes, depending how long you hold the RSUs after the vesting date.

To maximize the benefits of RSUs, consult with your tax professional and financial planner to discuss the best way for you to handle your RSUs.

04/13/2023

Three things you can do to optimize your finances in 2023 💵 ⬇

1️⃣ Pay off your credit cards every month. Credit cards are useful tools, but only if you're able to pay them off in full each month.

2️⃣ Keep extra cash in a High Yield Savings Account (HYSA) instead of a savings account at the bank. Some HYSA accounts are currently paying an interest rate of 3.75%.

3️⃣ Make sure that you're getting the maximum employer 401k match. If you can, increase your deferral rate to take advantage!

Address

4000 Route 66, Suite 123B
Neptune, NJ
07753

Telephone

+17329781200

Website

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