More Money More Problems? Complex Compensation Requires a Different Kind of Advisor

Mar 11

The benefit of becoming a high earner is apparent: more money. You can go beyond creating financial security for yourself and your family and start making choices that may have been out of reach. Not having to worry about covering the basics can also provide you with a measure of peace of mind. It can help you operate from a mindset of abundance, and not scarcity, which can free you to actualize your financial and personal goals.

But before you get to that state of satori, you need to get all the money you’ve earned into your financial plan in a reasonably efficient way, while minimizing the taxes you’ll pay across your lifetime, and creating a diversified financial plan.

And if that’s not complicated enough, being a high earner very often means your compensation is unpredictable, lumpy, or you’re no longer a W2 wage earner. Whether you have deferred compensation, restricted stock,... ...