If you’re earning big in Greater Boston, your financial picture gets complicated fast. Between equity comp, taxes, family responsibilities, and career transitions, there’s a lot to manage. But with smart planning, you can simplify your financial life and unlock even greater freedom.
Here are 7 moves worth making:
1. Maximize Equity Comp the Tax-Efficient Way 💰
Whether it’s RSUs, ISOs, or ESPPs, how and when you exercise and sell matters. Smart strategies can reduce AMT, avoid wash sales, and optimize capital gains. The goal? Keep more in your pocket and less with the IRS.
2. Don’t Stop at the 401(k) ✅
Yes, max it out — but also explore backdoor Roth IRAs, mega backdoors, and after-tax growth buckets. There’s often a smarter play for high earners in Massachusetts.
3. Use a Donor-Advised Fund to Give (and Save) More 🎁
Frontload deductions, donate appreciated assets, and support causes over time — all while reducing your tax burden in a big income year.
4. Diversify Out of Company Stock Intelligently 📈
Too much in one company? Use 10b5-1 plans, collars, or tax-aware selling strategies to reduce risk and unlock freedom.
5. Balance College, Retirement, and Real Life 👩💼👨💼
Greater Boston families face pressure from all sides: private school, college costs, aging parents, and their own retirement. You need a plan that aligns short- and long-term priorities without burning you out.
6. Structure > Save 🌐
How you hold your money matters as much as how much you earn. Asset location, titling, and account type all drive long-term performance.
7. Build a Team Before You Need One 👨💼👩💼
You’ve worked hard to build your wealth. It deserves real guidance, not an algorithm. A proactive team — fiduciary* advisor, tax strategist, and estate attorney — is how real planning happens.
📅 Want help putting these into action?
Book a no-pressure intro call with Concierge Wealth Management
Your Financial Concierge® is ready when you are.
Serving high earners across Greater Boston and Eastern Massachusetts.
*In advisory relationships