Long Term Savings for Big Tech Employees
When you work in tech, you usually fall in one of two camps: 1) A startup employee 2) A “big tech” employee If you’re in big tech, you know there’s nothing quite like working for a big tech company like Microsoft, Amazon, Google, or Facebook. They’re household names all over the world, and they’re resume […]
Recovery: The Shape of Things to Come Part Deux
Last time we talked about a couple of possible shapes for our economic recovery: A“V” recovery, in which the economy goes back up just about as quickly as it went down, and a “W” or “double dip” recovery, which is characterized by a quick upturn in the economy followed by another downturn. Well, guess what? […]
Recession/Recovery: What’s the Shape of Things to Come?
In June, the National Bureau of Economic Research announced that we are in a recession. Unlike previous recessions, this one was caused by the impact of our public health crisis rather than by an issue in the financial sector. Now economists are talking about the what and when of recovery. What shape will it be? […]
How New Work From Home Policies Can Advance Your Financial Goals
For most of us, it’s hard to remember what the morning commute felt like. It’s been five months now, and we’ve ditched the drive/walk/ride into work in favor of sleeping a little later, and sitting at the kitchen table in pajamas to check our first emails. To say the least, Covid has changed things. Work […]
SIP and Save or SIP and Spend?
As much as we might complain about sheltering-in-place for the past five months, there is a silver lining. We’re spending a lot less money. Think about it. No nights out to fancy restaurants. You probably had to cancel your annual vacation. No trips to the hair salon or day spa or other personal care providers. […]
Even During a Pandemic There are Some Things You Shouldn’t DIY
DIY has become sort of a rallying cry during this pandemic. From household projects to haircuts more people are taking it upon themselves to do things for themselves. Even their own investing. Armed with the Internet, advice from their Uncle Charlie or their cubicle mate, they buy and sell and think that they are making […]
Retirement Account Contributions? Don’t Stop Now!
The second most-asked question I get these days is: Should I continue to contribute to my retirement accounts in this environment? This question has been coming up a lot with so much uncertainty with the economy and in the market. If you are wondering whether you should hold off contributing to your 401(k) or IRA […]
Can It Get Any More Confusing?
Are you feeling overwhelmed and confused by the flood of information and the alphabet soup of COVID-19 relief packages? First there was the EIDL (Economic Injury Disaster Loan Emergency Advance) which was to provide up to $10,000 of economic relief to small businesses that were experiencing temporary financial difficulties due to COVID-19. It was later […]
How to Avoid AMT on ISO Exercise With Lower Share Prices
It’s no secret at this point: We’re in a bear market, and stock prices are going down for A LOT of companies. ???????? And while we certainly hope there’s no serious long-term damage done to investor portfolios, there is a silver lining for tech employees with ISO (incentive stock options): Because the market has fallen […]