SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: The SYM Financial Advisors logo.
SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: The SYM Financial Advisors logo.

Wealth Planning

An infographic from SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients, stating that healthy 55-year-old couples are likely to spend more on healthcare than those in fair or poor health, accompanied by illustrations of a medical professional, a clipboard, and a microscope.

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

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SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: Stacked bar chart for SYM Financial Advisors showing the equity compensation mix for named executive officers from 2018 to 2020, broken down by base salary, bonuses, stock awards, stock options, pension changes, and other 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

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A SYM Financial Advisors professional, an independent, commission-free fiduciary with 55+ years of serving clients, uses a magnifying glass to examine a “2023” binder while working with a calculator.

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)

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SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: A magnifying glass held over the number 31 on a SYM Financial Advisors desk calendar.

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

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SYM Financial Advisors, an independent, commission-free fiduciary with 55+ years of serving clients: hands review charts, documents, and a calculator over a world map background, representing SYM Financial Advisors monitoring calendar dates, company health, and macroeconomic conditions.

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

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Bar chart visualizing SYM Financial Advisors data for 250 of the largest S&P 500 companies in 2021, showing long-term incentives with increasing trophy sizes: 54% use stock options, 65% restricted stock, and 92% performance awards. SYM Financial Advisors is an independent, commission-free fiduciary with 55+ years of serving clients.

Why Corporate Executives Need Specialized Financial Planning

October 6, 2022

While the compensation structure of a corporate executive is definitely one of the perks of rising in the ranks, the vast complexities of the modern executive compensation package also leave the door open for missteps around every corner. Many freshly minted executives want to keep managing their personal income, retirement, and tax preparation, because that’s the way they’ve been doing it for years. But tap a longtime executive on the shoulder for a piece of

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