Author Topic: Who to turn to for financial / tax strategy  (Read 946 times)

kepioo

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Who to turn to for financial / tax strategy
« on: September 15, 2017, 06:43:49 AM »
I am in the process of putting things in order on my financial side :
  • moving away from EJ to betterment for our roth and trad iras
  • prioritizing paying off my wife's student loans faster (70k remaining)
  • sorting out my current and previous employers stocks
  • starting to think of what needs to be done for our newborn daughter

The questions I would need help answering would be :
  • will I hit the AMT if I were to sell some stocks I owe (from my previous and current employer)
  • should I look into exercising more options from my current employer and use that to pay off some student loans (1,600  vested options @ $4.76 exercise price  - currently trading at $17.76)
  • should I direct all the month to month leftover money onto the loans or into our joint betterment account
  • what would be the best college planning strategy for our daughter knowing that she may not go to college in the US (she may go to France since we may move there (I'm a french citizen))

I'm not sure if a tax specialist would be able to answer the above questions, or if I should do all the research myself (I do not have a lot of time on hands atm) or if I should consult a financial advisor (my poor experience with EJ screams no, at least for anything tax related).

What would you recommend?
« Last Edit: September 15, 2017, 06:47:02 AM by kepioo »

MDM

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Re: Who to turn to for financial / tax strategy
« Reply #1 on: September 15, 2017, 09:50:14 AM »
The questions I would need help answering would be :
  • will I hit the AMT if I were to sell some stocks I owe (from my previous and current employer)
  • should I look into exercising more options from my current employer and use that to pay off some student loans (1,600  vested options @ $4.76 exercise price  - currently trading at $17.76)
  • should I direct all the month to month leftover money onto the loans or into our joint betterment account
  • what would be the best college planning strategy for our daughter knowing that she may not go to college in the US (she may go to France since we may move there (I'm a french citizen))
1. Best way to tell is with full commercial tax software such as TurboTax's What-if Worksheet.  The case study spreadsheet can also be used.
2. The closer you are to the end of the exercise window the more it makes sense to take the money and run.
3. See Investment Order for some thoughts.
4. Have her do her homework in high school so she is well prepared for college. ;)  No idea on the college financing for that scenario.