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.

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