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Equity Compensation 101: The 7 Different Types of Equity Awards

Estimated Time to Read:  7-10 minutes If you don’t understand all the details of your equity compensation plan, you’re not alone. It’s a complicated topic. However, a thorough understanding can help you get the most out of your equity awards—and possibly reduce the sting of taxes along the way! Before strategizing, you need to understand the equity awards you currently hold or expect to receive. Let’s take a look at the seven types of equity awards your employer may grant and how they work.   Share-Based Awards These first three award types may be worth something at vesting (so long as the company still exists),...

Important Message Regarding Long-Term Care Insurance

If you have long-term care insurance, you have most likely received a premium rate increase on your policy (potentially multiple ones depending on the insurance company). These are typically accompanied by a few options to make changes to your policy. In general, the options listed are typically more beneficial to the insurance company than the policy owner and are not the only options available. Here’s what I just went through for my parents: In May my parents received a notice from Genworth that their premiums would be increasing by 55%. This was on top of the 44% increase between 2013-2015 and the...

Hand Sanitizer and Masks are Tax-Deductible (and HSA eligible)

Last week the IRS announced that amounts paid for Personal Protective Equipment (PPE), which includes masks, hand sanitizer, and sanitizing wipes are tax-deductible medical expenses if the primary purpose for purchasing them was to help prevent the spread of COVID-19. They also made this ruling retroactive to January 1, 2020. Unfortunately, in order to qualify for the deduction for medical expenses you need to itemize your deductions and only the portion of your medical expenses above 7.5% of your AGI is tax-deductible so very few people will actually be able to claim those deductions. Don’t fret though because there’s a twist to...

January 2021 Portfolio Update

We wanted to take a few minutes to loop you in on the rebalance we did earlier this week and some adjustments we made at the same time.   A lot has happened over the past year. We saw the beginning and middle of a global pandemic, along with the markets' retreat and recovery along the way. Not only has Zoom become a household name, but many parents took up second careers as homeschool teachers. And most recently, we ushered in a new administration. With changes as large and impactful as these, it was prudent and timely to rebalance the portfolios again...

October Portfolio Updates

This year has been one for the history books on many counts.  When we made the changes to our portfolios at the beginning of the year, we mentioned that we hadn’t experienced a bear market (i.e. 20% or greater decline) in over a decade.  While we did not know what would cause one, we knew (from a purely statistical standpoint) that we were on borrowed time and proactively adjusted our portfolios accordingly.  It turned out that the timing of our derisking was extremely timely.  When we made the changes to our portfolios, it was done so out of prudent investing...

Sept. 11th Never Forget

Where I was on 9/11 I had just finished my freshman year at Temple University and, after almost failing out, decided I wasn’t ready for college yet and needed to take some time off. I moved back in with my parents in Jersey and ended up landing a job at a bedroom furniture store. Even though I wasn’t good at sales, I learned the products quickly and people seemed to like and trust me enough to buy from me. I had already made a few thousand dollars in that short time and since I didn’t really have any expenses (thank you...

COVID-19 Update #5

COVID-19 Update While many parts of America may well have crested the wave and are coming back down from the surge of new cases, other parts of America are now just nearing the crest.  It was announced early Friday morning that the US death toll crossed over 50,000 human lives here in America.  This battle against COVID-19 is still far from over, but the good news is that the early projections of a quarter-million or more US deaths seem to be very far off with new projections closer to 70,000 deaths.   We heard at the beginning of this week that Colorado,...

COVID-19 Update #3

COVID-19 Update Given the amount of good news that we’ve shared regarding our fight with COVID-19 over the last two weeks, there’s little surprise that the news is better than initially expected.  In almost all states, we have effectively flattened the curve and eliminated or minimized the shortages of major resources such as hospital beds, intensive care beds, and ventilators.  According to some projections, America as a whole is only a few days away from the peak resource usage and will be heading down the curve as the COVID-19 cases continue to slow. The CDC made an important addition to their recommendations this week...

COVID-19 Update #2

While the past few weeks have felt like months (especially if you have a child at home), a lot has happened. COVID-19 Update Building on what we talked about in our last post, there continues to be a lot to mention regarding advancements in the fight against COVID-19. We started the week off on a strong note with the announcement that Johnson & Johnson identified a lead vaccine candidate, with expedited trials starting in September and the potential to bring it to market by early 2021. This timeline is among the fastest available to bring a product to market safely – amazing...

COVID-19 Update #1

COVID-19 Update This week we were reminded of the amazing ingenuity within our country and our ability to reunite and work together, for the greater good of humanity.  While life as we knew it may have appeared to come to a screeching halt, Americans refused to be complacent. We witnessed some of America’s largest corporations using their knowledge, talent, and resources to start producing many of the critical items that healthcare workers have been telling us they were in critical need of.  Ford teamed with both General Electric’s healthcare unit and 3M to boost the production of ventilators, respirators, and other...