During layoffs, Intel offers severance packages or voluntary separation packages (VSP) when cost reductions are a priority. Most recently, Intel announced layoffs impacting 15% of the workforce with a plan to cut $10 billion in total costs. If you’ve been offered a severance, layoff, or voluntary separation package at Intel, this guide will cover: The key components of the package... Read More
Like any major corporation, Microsoft’s compensation package includes various programs and benefits for its employees. And while the Microsoft benefits package can be quite valuable, in most cases, it does require a fair amount of time, planning, and intentionality to take advantage of them and incorporate them into your overall financial strategy. In this article, we’ll break it down for... Read More
As you would expect from an outstanding organization like Microsoft, it offers a very robust 401(k) to help employees save for retirement. This article will discuss the key features of the Microsoft 401(k) plan, and after reading it, you should leave with a clear game plan of how to: Maximize the match (free money! 💰) you receive from Microsoft Reduce... Read More
What is a Mega Backdoor Roth 401k? The Microsoft Mega Backdoor Roth 401(k) is a feature within the 401(k) plan that allows you to: Save additional money each year on an after-tax basis into your 401(k) and Convert those dollars into a tax-free Roth subaccount. It’s a relatively new benefit offered at many tech companies. And it can be one... Read More
Restricted Stock Units (RSUs) are a popular form of equity compensation at many companies, including Microsoft. They can be used to motivate employees and align their incentives with those of the company by allowing them to share in its success. In this guide on Microsoft RSUs, I'll explain: How Microsoft RSUs work Tax savings strategies for your RSU income And,... Read More
Every November, the Microsoft Deferred Compensation Plan (DCP) opens for enrollment and salary deferral elections for the upcoming year. And every year, we hear similar questions from those eligible to allocate money into a deferred compensation plan. This post provides an overview of the program and outlines the four questions we hear each year. The Four Key Deferred Compensation Plan... Read More
In this article, I’m sharing everything you need to know about how Restricted Stock Units (RSUs) are taxed. I’m also covering: What are RSUs RSUs vs Options Little-known RSU tax strategies If you’re ready to master RSU taxes and avoid overpaying the IRS in 2023, this article is for you. KEY POINTS: RSUs are a popular form of stock compensation that... Read More
Today we are going to tell you everything you need to know about the Intel Minimum Pension Plan (MPP). We'll cover: How the Intel pension plan works How your Intel pension plan benefit is calculated The steps you should take if you're retiring from Intel But first, grab your FREE resources (no email required!) 👇 Pension: Lump Sum vs. Monthly... Read More
In this article, we will outline how the Employee Stock Purchase Plan (ESPP) works, where you have an advantage (and where you don’t), so you can tip the odds in your favor. We’ll cover the five things you must know to maximize the benefit you get from your Employee Stock Purchase Plan: What is an ESPP How an ESPP works... Read More
Intel's SERPLUS (Deferred Compensation) plan is eligible for those employees level 10 or higher and can be a fantastic way to reduce taxes and boost savings. But, there are a number of trade-offs with the program and issues to consider. So if you want to know exactly... What is SERPLUS and how it works How it compares to other Intel... Read More
