Wealth Planning

Illustration of a healthcare concept with a clipboard and medical supplies. A text overlay from SYM Financial Advisors explains that married couples aged 55 who are "healthy" may spend more on healthcare costs over their lifetimes than a 55-year-old with "fair" or "poor" health.

Hidden Healthcare Costs in Retirement

December 9, 2022

Most people begin to form a picture of what they’d like their retirement to look like as the years progress. They may have a good sense of where they want to live, who they want to spend their time with, and what activities they’d like to enjoy. While some aspects of this hypothetical “retirement brochure” can have costs reasonably estimated, there are other items that are less concrete, or that may get overlooked altogether. One

A bar graph titled "Equity Compensation" by SYM Financial Advisors displays the executive compensation mix from 2018-2020 for named executive officers at Russell 3000 companies, with annual revenues between $25-$49.9 billion. Categories include base salary, annual bonus, stock awards, and other forms of compensation.

Understanding Equity-Based Compensation Packages: The Most Common Questions (FAQ)

November 21, 2022

Equity-based compensation is a powerful engine for wealth creation, but only if it is navigated thoughtfully and diligently. Managed improperly, it can just as easily become an engine for frustration, unease, or despair. As an executive’s career and compensation advance, there are more complexities to taxes, retirement planning, and wealth management goals to consider. Here are some of the most common questions executives have regarding the evolving terrain of their equity compensation packages: What is

A person in a suit examines a stack of documents with a magnifying glass, while using a calculator. The year "2023" is written in blue and circled at the bottom of the image, possibly highlighting the new 2023 IRS limits. Bright, natural light fills the room from a window in the background.

2023 IRS limits announced

November 17, 2022

The IRS recently announced 2023 limits affecting retirement plans and other qualified savings vehicles. The amounts have increased in almost all categories. You will see the changes in bold in this quick reference. 401(k) Related Limits 2023 2022 401(k) Elective Deferrals $22,500 $20,500 401(k) Catch-up Contribution $7,500 $6,500 415 Annual Additions Limit $66,000 $61,000 Annual Compensation Limit $330,000 $305,000 Social Security Taxable Wage Base $160,200 $147,000 Non-401(k) Related Limits 403(b) Elective Deferrals $22,500 $20,500 403(b)

A magnifying glass hovers over a red and white desktop calendar, emphasizing the number 31. The calendar is set to the month of December. The magnifying glass has a black handle and focuses on the date.

2022 Year End Deadlines

November 16, 2022

The year is drawing to a close in a flash and this is the time to address important year end deadlines. Following are key things you should be in communication with your advisor about now. Custodians are busier than normal years and we expect delays that haven’t been experienced in the past. If you haven’t squared away with your SYM team already, we advise making it a priority. 529s Planning to make a contribution to

A bar chart titled "How Far Have You Gotten in Creating a Will?" illustrates percentages for various stages: talked to a loved one (20%), researched online (11%), wrote basic plan/estate plan (7%), consulted a lawyer (3%), filed paperwork (2%), notified loved ones/chose executor (5%), not started (61%). Many still fall prey to estate planning myths. Source:

Five Estate Planning Myths Debunked

November 3, 2022

No one likes to face their own mortality, but estate planning is an important part of every individual’s life. It can be easy to push these plans off into the future, but setting aside time now to get these items squared away can provide peace of mind for yourself as well as your loved ones. Here are some common misconceptions about estate planning along with an explanation of why they are dangerous myths. I have

Illustration of four people working at a table, representing a team of financial advisors. One is holding a clipboard with graphs, another has sheets of data, a third has a calculator, and the fourth is using a tablet. The text discusses smart executive practices.

Key Features of Executive Compensation Packages

November 1, 2022

Whether evaluating competing offers for a new position or placement, or desiring to broaden understanding of a current package, looking at the key components of executive compensation packages can be a valuable exercise. Doing so can help ensure fair and equitable earnings are being offered and can help an executive avoid common mistakes and pitfalls that can prove quite costly. It’s important for an executive to approach their compensation in the same way they might

Hidden Healthcare Costs in Retirement

Understanding Equity-Based Compensation Packages: The Most Common Questions (FAQ)

2023 IRS limits announced

2022 Year End Deadlines

Five Estate Planning Myths Debunked

Key Features of Executive Compensation Packages

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