Parkworth Wealth Management, Inc

College costs are high and are continuing to increase faster than inflation. While high-paying jobs might await graduates in science, technology, engineering, and math (STEM) fields, other majors don’t always offer the same return. This raises tough questions: Is a college education still worth it, and how much should parents spend on it?

"Following a checklist is a great way to make sure you get the most out of your restricted stock units (RSUs), manage them effectively, and avoid common mistakes." https://lnkd.in/gQ3Y9NeN

Ready to optimize your financial future? Take a few minutes with our Wealth Optimization Scorecard to see how well your habits align with your goals. https://lnkd.in/gHxksiP6

" 'What should I sell first: my ISOs, NSOs, or RSUs?' It sounds like such a simple question. And occasionally, the answer is straightforward. However, most of the time deciding which shares to sell requires a lot of analysis, paired with a clear understanding of what you’re trying to accomplish. It requires thoughtful equity compensation planning." https://ed.gr/d5ia3

"You may understand your current situation and goals, and basic questions around them, but you might not be aware of all the options available or the long-term consequences of certain courses of action. It’s like the old saying: you don’t know what you don’t know." https://lnkd.in/gRJKiYf2

Tech professionals—how’s your financial health? Discover your Financial Health Score with our quick Wealth Optimization Scorecard! https://lnkd.in/gHxksiP6

"With an 83(b) election, you are telling the Internal Revenue Service (IRS) that you would like your shares that are subject to vesting to be treated as if they are all vested at the time the shares are granted." https://ed.gr/d5ia0

Although simple spreadsheets can be helpful for a top-level look, more sophisticated tools are needed to create an accurate financial model. Scenario analysis combined with Monte Carlo simulation techniques is a powerful tool for charting a course to a safe and sustainable financial future. https://ed.gr/d5iar

With less than two months before the end of the year, there’s not much time left to cram more savings into your Roth 401(k) account at work using the Mega Backdoor Roth technique. So if you want to take advantage of this option, the time is now. Read on to find out how the Mega Backdoor Roth works, who qualifies, and the potential tax benefits for your retirement. https://lnkd.in/g5kCX-Ud

It’s important to know that Mega Backdoor Roth is financial slang—you won’t see it described this way on your company’s 401(k) website—and not every company’s 401(k) plan has the features needed to allow you to use it. To determine if it’s an option for you, you’ll want to look on the company’s 401(k) website for three features. https://lnkd.in/g5kCX-Ud