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Many employees in the technology sector are granted Restricted Stock Units (RSUs) as a form of equity compensation. Whether received as a one-time hiring incentive, recognition for outstanding performance, or part of an annual compensation package, RSUs prompt the crucial question: When should you sell them?   Understanding Restricted Stock Units (RSUs) A Restricted Stock […]

The term “retirement number” refers to the idea that there’s a single savings amount that guarantees a comfortable retirement. It’s often thrown around as a target, but there are a few key things to understand about it: It’s not one-size-fits-all: Your ideal retirement savings depend on your lifestyle, desired retirement age, location, and even health […]

At age 50, individuals stand at a significant crossroads in their financial journey, with many starting to actively consider retirement. Assessing your wealth at age 50 is critical for securing a comfortable future. Let’s embark on this exploration of financial fortitude, guided by the wisdom of a couple of expert sources and some thoughts from […]

Fidelity Youth is an app designed for teens aged 13 to 17 to learn about managing money through a teen-owned brokerage account. Here’s a breakdown of its features: Account ownership: The account belongs entirely to the teen, giving them control over saving, spending, and investing decisions. Features: Investing: Teens can invest a portion of their […]

How realistic is it for a new college graduate to retire with $10 million? Turns out, a million dollars isn’t what it used to be. The movie “How to Marry a Millionaire” was released back in 1953. It seems at that time—70+ years ago—being a millionaire was the epitome of financial success. Yet today, instead […]

The household net worth in the United States varies significantly across different age groups. Understanding the average net worth of households at different stages of life is essential for financial planning; and makes for good financial rubbernecking. To gain insights into this complex topic, we turn to the Federal Reserve’s Survey of Consumer Finances (SCF), […]

A Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals and families with high-deductible health insurance plans (HDHPs). HSAs are intended to help people save money for qualified medical expenses while also offering tax benefits. Here are some key features and benefits of HSAs: High-Deductible Health Plan Requirement: To be eligible for […]

Today, we’re focusing on a pivotal age: wealth at age 55. At this stage of life, you’ve likely been building your financial foundation for decades. It’s important to gauge your progress, compare your wealth, and evaluate your investments to ensure a secure retirement. Let’s dive into what you should have accumulated by age 55, keeping […]

Funds in a 529 college savings plan can be transferred, or rolled over, into a Roth IRA (a 529-to-Roth IRA transfer) starting next year. Key Points about 529-to-Roth IRA Transfers The 529-to-Roth IRA Transfer Rule Limitations on 529 to Roth IRA Conversions Understanding 529 College Savings Plans How Does the 529-to-Roth IRA Work? An Illustration […]

Parents can avoid taxes by rolling over savings bonds to a 529 plan. We will discuss how to convert United States savings bonds into a 529 plan, without paying Federal tax on the earnings. If you are a long-time Wealth45 reader, you know we have touted the high interest rates paid on Series I savings […]

Ten finance numbers to know as you navigate the complex world of personal finance. Understanding key numbers can be crucial to making informed decisions and securing your financial future. From retirement savings to credit scores, here are ten important finance numbers to know.   10% Fraction of your income to save for retirement throughout your […]

A donor-advised fund (DAF) is an investment account specifically designed for charitable giving. It allows you to donate cash, appreciated securities, or other assets to a sponsoring charity (i.e., the DAF sponsor). You receive an immediate tax deduction, and then recommend grants from the fund to your favorite charities over time.   DAF Benefits One […]

When is the optimal time to sell my RSUs? Many technology company employees receive grants of Restricted Stock Units (RSUs). This form of equity compensation may be in the form of a one-time hiring bonus, a reward for exceptional performance, or part of the annual compensation program. Regardless of how you received your RSUs, everyone […]

Are you saving enough for retirement? Can your investments support your retirement spending desires? These are difficult questions to answer. It boils down to how much money you need in retirement to maintain an acceptable lifestyle. Unless you are close to retiring, you likely don’t have a good grasp of your retirement spending needs. How […]