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Why you should exercise those incentive stock options now

If you're working for a company who is compensating you with stock, you may have been lucky to receive incentive stock options. AKA, ISOs, are unlike other forms of stock compensation simply because, if done correctly, you can receive lower, capital gains tax treatment when sold. Non-qualified stock options, NSOs, on the other hand, are taxed at your marginal ordinary income rate plus employment taxes (Social Security and Medicare) and are more common as a form of stock compensation. When you work for an employer it’s almost always the case that you must pay ordinary income and employment taxes. The top rates are 37% federal, 12.3% California (if you live here), 6.2% for Social Security on

Markets deciding where to go next

Markets are reaching a fork in the road. This comes after the S&P 500 bounced back by more than 17% over the last two months, as the Federal Reserve chairman, Jay Powell, suggested no further interest rate rises this year. The International Monetary Fund, among other bodies, have cautioned on slowing global growth. In the U.S., however, equities seem to have a mind of its own regardless of the economic or geopolitical situation abroad. It's worth it to remain optimistic with your stocks. The U.S. still has one of the more attractive interest rate policies in the western world. Europe and Japan still have effectively negative interest rate policies, which means any cash saved could be costly

To rollover or not to rollover, that is the question

If you’ve contributed to a workplace retirement plan and have since left your job, you would then be eligible to rollover your 401(k), 403(b), or 457 plan into a Traditional IRA. There are few reasons to consider a rollover, or not to, depending on your situation. The workplace retirement plan is a good deal for workers. Modern plans require that the employer contribute to the plan in the form of a minimum match of 3% or flat 2% contribution per year. You can keep this money depending on the plan’s vesting schedule and if you’ve worked beyond this period. Employees have the option to defer part of their salary to the plan, up to $19,000, plus a ‘catch-up’ of $6,000 for people 50+, in 2019, a

Why financial planning is more than just a document

After engaging in financial planning, you should expect to receive more than just a plan document. The plan, however important, should correctly include a summary of your financial goals and all the action items to help you reach them. It might also include a cash flow projection of what your future income will look like after taxes along with a retirement success rating. What’s less expected, but arguably more important, is the ongoing relationship with your advisor and why staying engaged is critical to keep you on track toward success. Like changes in the stock market or taxes, your life will be as just as interesting. When facing major life choices, such as buying or selling a house, get

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©2020 BY EUREKA WEALTH MANAGEMENT.

Eureka Wealth Management is a registered investment adviser in the State of California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment advisory services. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.