At Herrick Wealth Advisory, we understand the unique challenges faced by technology professionals and corporate executives, especially women who balance demanding careers with personal responsibilities. It’s essential to partner with a team that supports your personal financial life, helping you meet your specific needs and goals while maintaining a diversified portfolio. Here’s how we can support you:
Comprehensive Financial Planning: Our holistic approach ensures your financial plan reflects your unique circumstances and aspirations, supporting both your personal and professional growth.
Goal Setting and Life Planning: We encourage you to envision your goals and dreams, helping you articulate and pursue the life you aspire to live.
Quarterly Review and Rebalancing: With your busy schedule, financial planning can often take a backseat. We recommend making it a quarterly practice to review your investment allocations and determine if rebalancing is necessary. This is especially crucial if you hold a significant concentration of stock in your employer.
Asset Location and Tax Planning: Effective asset location is essential for optimizing your after-tax returns. With various account types—such as 401(k)s, brokerage accounts, and Roth IRAs—strategically placing your investments in the right accounts can significantly enhance your overall financial performance. To further maximize your financial efficiency, we partner with your tax preparers to ensure open communication and share insights. This collaborative approach allows us to leverage every available opportunity, ensuring your financial strategies align with your tax planning goals.
Savings and Investment Opportunities: Benefit from our specialized knowledge tailored for technology professionals and corporate executives, including:
Workplace Savings Plans: Maximize the tax advantages, investment options, and employer matching benefits of your 401(k), deferred compensation, and other employer-sponsored retirement plans.
Individual Retirement Accounts: We assist you with deductible IRAs, SEP IRAs, Roth IRAs, and back-door Roth IRA contributions.
Equity Compensation: Navigate the complexities of stock options, equity ownership, and ESPP stakes to optimize your financial outcomes.
Risk Management: We educate you on your insurance needs and solutions, ensuring you’re protected now and in the future.
Personalized Guidance: Experience a relationship-driven approach that prioritizes building strong connections over simply meeting credentials.
Our goal is to empower you to take charge of your financial future with tailored strategies that address your unique concerns. At Herrick Wealth Advisory, we are committed to helping you navigate the complexities of financial planning, allowing you to focus on what matters most—your career, aspirations, and personal life. Together, we’ll build a solid foundation for your financial success that adapts to your evolving needs.