Real financial planning, like it should be.
Comprehensive Planning. Fiduciary Commitment. No Compromises.
As a fee-only fiduciary financial planner, I'm committed to one thing: your financial success. No hidden agendas, no conflicting interests—just comprehensive, personalized guidance designed to align with your unique life goals.
For mid- to late-career professionals in the San Ramon Bay Area, financial planning is anything but simple. With high incomes, complex compensation structures, and the pressures of securing long-term financial stability, you face a unique set of challenges. Let’s explore some of the biggest financial hurdles and strategies to navigate them:
1. Optimize Equity Compensation. If you receive stock options, restricted stock units (RSUs),or other forms of equity compensation, you’re sitting on a valuable asset—but it requires careful handling. A poorly timed sale can trigger significant tax consequences. Strategic planning can help you maximize gains and minimize the tax impact.
2. Manage the High Cost of Living and Lifestyle Creep. Even with a high salary, the Bay Area’s cost of living—housing, private schooling, and general expenses—can eat away at income quickly. Many professionals experience lifestyle inflation as they progress in their careers. To mitigate this: Set clear long-term savings goals before upgrading your lifestyle; Maintain a disciplined approach to budgeting, even with a higher income.
3. Prepare for Retirement with Precision. Your peak earning years are the perfect time to boost retirement savings. Take advantage of catch-up contributions for your 401(k) and mega backdoor Roth in-plan contributions. Ensure your investment strategy aligns with your time horizon. Additionally, consider whether Roth conversions might reduce tax burdens during retirement.
4. Simplify and Minimize Taxes. Are you using all available strategies to reduce your tax bill? Health Savings Accounts (HSAs), tax-loss harvesting, and charitable giving are just a few ways to keep more of your hard-earned money.
5. Plan for the Long Term Beyond retirement, think about your legacy. Is your estate plan current? Have you accounted for potential healthcare costs in retirement?
Navigating these financial challenges requires more than just managing investments—it demands a holistic approach, so that you can ensure financial security for yourself and your family.
Contact me today to take control of your financial future with confidence!
PlanNow - Our innovative approach
We offer a subscription based comprehensive financial planning service with no asset minimums.
Many clients want more than just a one-time financial plan or short-term advice. They also want ongoing guidance – someone to help with implementation, monitoring, and education – someone to keep them on track.
Under a monthly subscription arrangement, we’ll help you to develop a sound financial strategy tailored to your situation and objectives. Then we’ll help you implement the strategy, with periodic follow-ups and phone/email support to help you get in shape and stay in shape.
This subscription is open ended, which means that there are not a limited number of appointments or amount of time for each item.
You can schedule additional appointments or call for information between appointments. This allows you to deal with changes without an added charge.
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