Month: October 2023
Equity Compensation: How to Maximize Your Benefits and Optimize Your Taxes, with Mike Holloway, CFP® (Ep. 16)

Equity Compensation: How to Maximize Your Benefits and Optimize Your Taxes, with Mike Holloway, CFP® (Ep. 16)

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Equity compensation is becoming an increasingly popular way for employers to reward and retain their top talent. But as enticing as this benefit sounds, it’s one of the most complicated and misunderstood forms of compensation—often triggering a tax bill employees aren’t prepared to cover. 

In this episode, host Jason and special guest Mike Holloway, CFP® explain the differences between incentive stock options and non-qualified stock options, and the tax implications of each. Because only when you understand how to make the most of your equity compensation can you truly ‘Own Your Wealth.’ 

Listen now to learn:

  • How each equity compensation type differs
  • The tax implications of each form of equity compensation
  • Why an 83B election is often one of the best ways to enjoy significant future tax savings
  • When to meet with a financial advisor, so you have ample time to weigh your options
  • And more

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Why Your Last CPA Ghosted You — and Why Cook Wealth’s Won’t (Ep. 15)

Why Your Last CPA Ghosted You — and Why Cook Wealth’s Won’t (Ep. 15)

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If you’ve been ‘ghosted’ by your CPA, you’re not alone. The accounting industry is undergoing significant changes. Big tech is snapping up CPAs left and right, early retirement is becoming the new norm, and for the CPAs that are left, uninviting work environments and gruelling hours at traditional firms make it hard for these professionals to meet every client’s needs—or return your calls. 

In this episode of Own Your Wealth, host Jason reveals the real reasons why a traditional CPA may not be your best choice for proactive, comprehensive tax planning support, especially if you have a high income or complex tax needs. 

Listen now to learn:

  • Why traditional CPAs prioritize compliance over careful planning
  • Practical advice for individuals and businesses looking for a new CPA
  • The best time of year to start your CPA search
  • How Cook Wealth’s CPAs approach tax planning and optimization
  • And more

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The Five Powerful Uses of Money: Spending With Intentionality (Ep. 14)

The Five Powerful Uses of Money: Spending With Intentionality (Ep. 14)

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When it comes to managing your money, the smallest decisions can have the biggest impact on your long-term financial health. Small choices, like reaching for your debit card first, making a monthly spending plan, and defining exactly what ‘enough’ means to your family can add up to quite a bit of added savings—without significantly impacting your lifestyle. 

In the last episode of our 5-part Uses of Money series, Jason talks about the intentional spending choices each of us can make to enjoy what we have now while securing a comfortable future. From smart spending plans to using credit cards responsibly, Jason explains how the right plan and tools can help your family live life empowered. 

Listen now to learn: 

  • The power of micro-money choices
  • Why spending is one of your most crucial lifestyle tools
  • What ‘enough’ looks like as your income increases
  • How budget tracking apps can help your family use credit cards to your advantage
  • And more

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Cook Wealth Management Group, LLC is a registered investment advisor with the U.S. Securities and Exchange Commission.

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