A variable annuity is a contract executed with an insurance company wherein an investor agrees to make a lump sum payment to the company in exchange for a guaranteed future income stream. Often used for retirement planning purposes, variable annuities come with many features and functions, some complex, and others more straightforward. The one feature…
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These days, life insurance is often improperly sold as a complete financial plan. Life insurance salespeople are generally concerned with the amount of insurance a person has the capacity to pay for rather than the amount of coverage they actually need. As a result, the sales conversation often focuses on the death benefit of the…
Read MoreIn the world of personal finance, rarely is it possible to find advice that is straightforward and offers a definitive yes or no answer. In this case, however, both apply almost uniformly. Any person who owns real, fixed assets (houses, land, buildings, etc.) in multiple states can save their loved ones months of extra paperwork…
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Hidden within the layers of bureaucracy of every state government lies the office of unclaimed property. This office serves at the pleasure of both the state treasurer and chief financial officer and is responsible for carrying out the process of escheatment. Escheatment refers to an archaic process whereby the title of financial assets such as…
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In April 2016, the Department of Labor released its “Fiduciary Rule” to the public. Though the rule was formally vacated by the Fifth Circuit Court of Appeals in 2018, consumers’ awareness of the term fiduciary remained. By definition, a fiduciary is an individual or organization that takes on the responsibility of acting on behalf of…
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In a sales role, you are responsible for your own success. You get the opportunity to make your own schedule, meet interesting people and travel to new places. However, a role in sales might not always be easy. In this episode,
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When you think of the founder of a tech company, your mind tends to immediately picture an engineer in a hoodie hunched over a laptop coding into the wee hours of the night. But for the founders of some of the largest tech companies that you know and l…
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According to a study by Rutgers Institute, 24% of male employees hold employer stock options while only 17% of female employees do. Looking at it from a dollars and cents perspective, in 2018, the average value of a stock option for a male employee wa…
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We have been at this podcast for a while now, and are constantly bringing you new topics that relate to your personal finances. With that, comes a lot of listener questions; we are sure that there are lots of people who are questioning the same things…
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There are ways that you can access the value of your concentrated stock positions and avoid the huge tax bill. In this episode, Malcolm Ethridge sits down with Anthony LoBalbo, regional manager with Schwab Bank,
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Taxes are something that we will never be able to fully avoid, so it is imperative that we understand how they are going to impact all aspects of our finances, and prepare to manage them to pay as little as possible. In this episode,
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Oftentimes, there is a significant gap between the information that companies who offer stock based comp to their employees think they are providing versus the amount of information those employees feel that they receive.
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Your equity compensation can have an outsized impact on your overall portfolio, so it is key to set your strategy ahead of time and find tools that will help you stick to your plan to diversify. In this episode,
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Navigating the world of equity compensation can be intimidating, but it doesn’t have to. As a participant in an equity compensation plan, a good place to start is by getting acquainted with your plan document and its various terms and conditions.
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