If you're changing jobs, you're probably focused on your new salary, bonus, and equity package. But a career transition can also create one of the most valuable tax-planning opportunities of your career.
In today's episode of The Abundance Mindset, Ben and Allison break down:
· How a job change can create unique tax-saving opportunities
· When a lower-income year may make Roth conversions more attractive
· Common 401(k) mistakes people make when changing employers
· How to evaluate Roth vs. pre-tax contributions in your new plan
· What to do with existing RSUs, stock options, and company stock holdings
· Why equity compensation schedules can dramatically impact tax planning
· How stock sales and capital gains interact with your overall tax picture
· Benefit decisions to revisit, including HSAs and disability coverage
· Real client case studies showing how proactive planning can improve outcomes
Whether you're moving to a new company, negotiating a compensation package, or simply want to avoid costly mistakes during a transition, this episode will help you think about a job change as more than a career decision. It's a financial planning event that deserves a strategy.
⏱️ TIMESTAMPS
00:00 The Job Change Tax Window
00:58 Why Job Changes Matter
03:38 Income Gaps And Timing
05:27 Case Study: Military To Big Tech
06:25 401k Strategy Reset
08:09 Avoid Overcontribution Errors
09:38 Equity Mapping And Sales
10:57 Capital Gains Interactions
12:32 Withholding And CPA Support
13:12 Planning Event Not Checklist
14:00 Case Study: Big Tech Switch
18:23 Benefits Analysis
19:34 Wrap Up
🎯 RESOURCES FROM THIS EPISODE:
DISCLAIMER
The discussions contained in and referred to in this podcast are provided for educational, informational, and entertainment purposes only. The information, statements, comments, views, and opinions expressed or provided are not necessarily those of Abundance Wealth Management LLC and may not be current. Abundance Wealth Management LLC does not make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views, or opinions contained in this podcast, and any liability therefore (including in respect of direct, indirect or consequential loss or damage of any kind whatsoever) is expressly disclaimed. Abundance Wealth Management LLC does not undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views, or opinions set forth in this podcast. Securities offered through Van Clemens & Co., member FINRA/SIPC. Advisory services offered through Van Clemens Wealth Management, a registered investment adviser. Van Clemens & Co. and Van Clemens Wealth Management are separate entities from Abundance Wealth Management.
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