A focus of our practice is working with executives of both private and public companies who are seeking our experience in managing the wealth they have accumulated. Many of these individuals have employee stock options, restricted stock units (RSUs), employee stock purchase plan (ESPP) shares and/or restricted stock that have not previously been managed well, if at all, and often bear excessive and unnecessary risk.
Backed by the resources of Raymond James, we can help provide executives with targeted plans that meet their objectives, whether they are focused on building their careers and wealth, or moving on to different stages of their lives.
We can help with:
As a corporate executive, you face many complex challenges. Often, the demands of your job leave you little time to focus on your personal financial plan. The professionals at Raymond James understand these complexities and have the expertise to combine many issues into a comprehensive strategy designed to help achieve your short-term and long-term financial goals.
Receiving employer stock options can complicate your financial picture, particularly if your choices result in unexpected adverse tax consequences. Stock option planning strategies can integrate your option benefits into an overall financial plan while helping to increase tax efficiency.
As an executive, developing a 10b5-1 sales plan is the key to gaining greater flexibility with regard to your company stock holdings while remaining fully compliant with SEC regulations. Our team can work closely with you and your other professional advisors to create and implement a predetermined, systematic trading plan designed to enhance your market opportunities and achieve your investment goals.
If, like many executives, your portfolio is concentrated in a single security, you may be exposed to more risk than you want to assume. Through Raymond James, we offer a variety of strategies for hedging, monetizing, diversifying or transferring your concentrated equity positions while helping to manage the tax implications.
Diversification does not ensure a profit or guarantee against a loss.
If you’ve changed jobs or are retiring, rolling over your retirement assets to an IRA can be an excellent solution. It is a non-taxable event when done properly – and gives you access to a wide range of investments and the convenience of having consolidated your savings in a single location.
In addition, flexible beneficiary designations may allow for the continued tax-deferred investing of inherited IRA assets. We can handle all details for you, including contacting your former plan administrator, opening your new rollover IRA and completing the paperwork.
In addition to rolling over your 401(k) to an IRA, there are other options. Here is a brief look at all your choices. For additional information and what is suitable for your particular situation, please consult us.
Leave money in your former employer’s plan, if permitted Pro: May like the investments offered in the plan and may not have a fee for leaving it in the plan. Not a taxable event.
Roll over the assets to your new employer’s plan, if one is available and it is permitted
Pro: Keeping it all together and larger sum of money working for you; not a taxable event
Con: Not all employer plans accept rollovers.
Roll over to an IRA
Pro: Likely more investment options, not a taxable event, consolidating accounts and locations
Con: Usually fee involved, potential termination fees
Cash out the account
Con: A taxable event, loss of investing potential. Costly for young individuals under 59½; there is a penalty of 10% in addition to income taxes.
You should carefully consider all of your available options and the applicable fees and features of each before moving your retirement assets.
Available to active employees is a lesser-known distribution option called an in-service rollover. In the case of poor 401(k) performance or limited investment options, we can help you explore this strategy for more diversification opportunities and benefits. If your company allows this type of option, you can choose to roll over part or all of your money directly into a Roth IRA for tax-free* earnings in the future, or even consider leaving these monies to your children and/or grandchildren as part of your legacy.
*Unless certain criteria are met, Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Additionally, each converted amount may be subject to its own five-year holding period. Converting a traditional IRA into a Roth IRA has tax implications. An investor should carefully consider the source of funds used to pay the taxes owed on a Roth conversion. Penalties and taxes may apply if the investor uses money from the IRA as the source for conversion taxes. Consult a tax professional for details.
Do you have a plan to integrate your executive benefits with your long-term goals? We can help you with a range of issues from restricted stock grants and deferred compensation to assessing your pension payout options.
For individuals approaching retirement, many questions arise. When can I retire? What does it look like at 62? Or 70? Will I have enough? Preparation is key in determining when to retire, or how much longer to work to be able to maintain your lifestyle. Because people are living longer today, the possibility of going 10, 20 and even 30 years without a paycheck requires prudent planning and disciplined cash flow management.
Our goal is to help you with preserving your wealth, and creating a sustainable income stream throughout your retirement while maintaining your standard of living. This includes having a withdrawal strategy that addresses both your need for monthly income and your desire to make your money last. We will create a personalized plan designed to help preserve your wealth and mitigate the impact of market risk, taxes and inflation.
Since Social Security benefits can play an important role in providing retirement income, Social Security analysis is part of the planning services we offer. We can help you determine your eligibility, when best to file, and how to potentially maximize benefits for you and your spouse.
We will help you manage your required minimum distributions and determine the most tax-efficient ways to draw income from your investments. We’ll also collaborate with your legal, accounting and insurance professionals on important matters such as estate planning, life insurance and long-term care.
With the right preparation and guidance, we believe retirement can be a most enjoyable and fulfilling time of your life.
There is no assurance that any investment strategy will be successful. Investing involves risk including the possible loss of capital.
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Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Tempus Advisors is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact our office for information and availability.
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