Equity Comp: Mastering the Basics of Vesting, Taxes and Risks Artwork

Gen One Legacy

Making a generational impact starts with one: one person, one family, and one community. And so, the Gen One Legacy is our attempt to help first-gen tech professionals like you get your financial house in order so you can live your legacy.

Hosted by Peter Donisanu, a Private Wealth Manager, this podcast serves to simplify your journey through the often-complex world of wealth management, tailored specifically for the first-generation impact-oriented tech worker.

One person can’t change the world alone.

But one person can be the spark that lights the way, providing future generations with resources they need to align with their higher purpose so they can make a dent in the universe.

Your journey as a first-generation high earner isn’t just about accumulating wealth; it’s about creating a legacy that lasts the tests of time. A legacy that empowers your family, uplifts your community, and leaves a lasting mark on society for generations to come.

That’s why each episode of Gen One Legacy dives deep into the critical aspects of wealth creation, preservation, and legacy formation. From actionable stock options & equity comp strategies, to investing, estate planning and fostering a mindset of generational wealth, we cover it all.

Join us as we distill proven Wealth Management practices into practical and actionable insights that you can apply to your own life.

Whether you're an entrepreneur, an executive, or anywhere in between in the tech space, this podcast is your first step toward securing a prosperous future for your family and generations to come.

Subscribe to the Gen One Legacy where we’ll help you get your financial house in order so you can live your legacy.

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Gen One Legacy

Equity Comp: Mastering the Basics of Vesting, Taxes and Risks

February 08, 2024 • Peter Donisanu

Stock-based compensation can transform your life when it’s managed wisely.

Indeed, if you're a tech professional, then you likely know how receiving stock awards isn't just a perk, it's your gateway to building generational wealth and securing your family's financial future for decades to come.

With that said, however, too many well-intentioned individuals choose to give their grants a cursory look when they're hired or following their annual review and then do nothing with them.

And so, what happens?

Well, from missed opportunities to surprise tax bills and the potential for a complete loss of wealth, many individuals find themselves set up for a complete disappointment down the road.

Now, if you’re a recipient of stock-based compensation, then there's no doubt that you're grateful for your awards.

With that said, it's crucial, now more than ever, to move beyond just appreciation for what you have, to taking action so you can protect your potential windfall.

Indeed, without a proactive approach, you might find yourself unprepared for the tax implications, dealing with uncertainty about managing vesting awards, or exposing yourself to unnecessary risks given your concentrated stock position.

Nevertheless, by understanding how to navigate your stock grants, knowing what to watch for when it comes to your taxes, and mitigating risks through prudent financial planning, you can confidently use your wealth to not just support your lifestyle now, but to lay the foundation for a legacy that spans generations to come.