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Moving to Colorado can be an exciting change. It can also come with a long financial to-do list, from updating your address and employee benefits to reviewing your household budget, insurance, and investment accounts. If restricted stock units, stock options, or other forms of equity compensation are an important part of your compensation, your move…
Losing a spouse can change nearly every part of daily life. At the same time, bills continue to arrive, financial accounts still need attention, and there may be questions about insurance, benefits, retirement accounts, and household expenses. It can feel as though everything needs to be handled immediately. A more manageable approach is to separate…
Moving from Maryland to Florida involves much more than choosing a moving date and changing your address. For professionals, business owners, and retirees, a relocation can affect household cash flow, employer benefits, insurance, investments, retirement planning, housing, and estate documents. You may also have questions about residency, income connected to Maryland, or a home you…
For high earners with variable compensation, year-end planning can involve more than checking retirement contributions or estimating a tax bill. Income may come from salary, bonuses, RSUs, stock options, commissions, business income, investment income, deferred compensation, or a combination of several sources. That variability can make it harder to determine whether tax withholding is on…
A well-built investment portfolio can be an important part of your financial life. It can help you pursue long-term goals, manage risk, and put savings to work over time. But a portfolio is not the same thing as a financial plan. That distinction matters for professionals who have accumulated retirement accounts, brokerage assets, employer stock,…
If you’ve switched jobs before, you probably have an old 401(k) you haven’t looked at in years. Maybe this was from your most recent job, or maybe you’ve had four jobs since then and lost track completely. You’re not alone. The average working person holds well over a dozen jobs in the course of their…
August tends to feel like a transition month. Summer is winding down, vacations are wrapping up, kids are heading back to school, and before we know it, the final stretch of the year will be here. That makes August a great time for a financial reset. You don’t need to completely overhaul your financial plan….
Equity compensation, including restricted stock units (RSUs), stock options, and employee stock purchase plans, can be a valuable part of your total compensation. But it can also create complicated decisions and unexpected tax consequences. Let’s dive into why and how understanding equity compensation is crucial to your financial health. The first step is understanding exactly…
It’s hard to believe July is already over. With half the year behind us, now is one of the best opportunities to step back and evaluate your financial progress before the busy fall season begins. A mid-year financial review doesn’t have to be complicated, but taking an hour to assess where you stand can help…
Sherman Wealth | Financial Education | Gaithersburg, MD and the DC Metro Area Your 30s may be a time when your financial picture becomes more complex. Income may be rising, your career may be gaining traction, and you may be buying a home, starting a family, or reaching new compensation milestones. The decisions you make…