Sam joined a software company last year with a large equity signing bonus that vests in thirds annually. He’s approaching his first vesting date and isn’t sure what he wants to do with his shares. Lacking experience with stocks, Sam does have a Coinbase account with ~$75,000 in Bitcoin and Ethereum. He’s curious about selling some of his Bitcoin at a loss to offset his tax bill this year but has no idea where to begin.
Sam and his team at Advisor started their planning by taking account of his income and investments, focusing on how to limit his tax burden through reduction and deferral strategies. By building a savings and investing strategy that leverages his 401(k), a backdoor Roth IRA, as well as tax-efficient investment management, Sam can limit his future tax liability and diversify his investment portfolio away from solely crypto play. With a plan for his taxes, Sam now has more money to save for a house and future wedding.