Maximizing Cash Flow: The Art of Cash Flow Forecasting in Financial Planning and Analysis

In a world where financial uncertainty can feel like the only certainty, many miss the critical step of cash flow forecasting in their financial journey. This oversight is not just a small blip. It can lead to significant missed opportunities and unnecessary financial stress.

Financial PlanningPhillip R. ChristensonMarch 27, 2024Phillip James Financialfee only advisor near me, finanical advisor plymouth mn, finanical advisor maple grove mn, wealth management, financial planning, fiduciary advisor, financial advisors wayzata

What Is the First Step in Financial Planning?

Do you feel as though you're constantly struggling with finances? With everything going on these days it's more important than ever to get your finances under control. Perhaps you're considering building your own financial plan but haven't taken financial planning seriously in the past.

You may wonder - what is the first step in financial planning?

Below, we'll outline the first step in financial planning.

Financial PlanningPhillip R. ChristensonAugust 16, 2023Phillip James Financialwealth management, portfolio management, financial advisor in maple grove, fiduciary advisor, Minnesota financial advisor

Your Guide to the NUA Rule (Net Unrealized Appreciation)

With so many publicly traded companies located here in Minnesota (United Health, Target, Best Buy, Medtronic, US Bank, General Mills) it’s not surprising that we often have questions about the NUA rule. Anyone who has worked with one of these companies over a significant period of time may be looking at a large concentrated stock positions with a potentially huge tax burden in the near future. The NUA rule may help alleviate some of that burden but you have to do it the right way.

What’s the right time to sell Restricted Stock Units (RSUs)?

Minnesota has a lot of large publicly traded employers. United Health, Target, Best Buy, Medtronic, US Bank, General Mills, are some of the biggest. Typically, these companies will use other forms of compensation to attract and retain employees. Restricted Stock Units (RSUs) are one of the most common.

Empoyer Stock Compensatio, Tax Planning, High Net Worth StrategyPhillip R. ChristensonSeptember 24, 2020Phillip James Financialrestricted stock advisor, fee only advisor, fiduciary advisor, retirement advisor, Minnesota financial advisor, retirement planning, CH Robinson employee restricted stock units (RSUs), Polaris employee restricted stock units (RSUs), Pentair restricted stock units (RSUs), Christopher & Banks restricted stock units (RSUs), tile shop restricted stock units (RSUs)

Planning on leaving your job? How to plan for your employer stock options.

Whether you just got fired, are planning to leave your employer to pursue another opportunity, or ready to retire, you need to make sure you understand what happens with your employee stock options as this could have a huge impact on your tax situation and your retirement plans.

Tax Planning, Fee-Only Financial Advice, Fiduciary, Empoyer Stock CompensatioPhillip R. ChristensonSeptember 17, 2020Phillip James Financialemployee stock options, executive stock options, non-qualified stock options, incentive stock options, employer stock, general mill stock options, us bank stock options, target stock options, stock option vesting, when to sell stock options, Medtronic stock options, stock option planning, stock option advisor, fee only advisor, fiduciary advisor, retirement advisor, Minnesota financial advisor, retirement planning, CH Robinson employee stock options, Polaris employee stock options, Pentair stock options, Christopher & Banks stock options, tile shop stock options, target restricted stock units (RSUs), RSU vesting, when to sell restricted stock units (RSUs), Medtronic restricted stock units (RSUs), RSU plannin

In Depth Understanding of Employer Stock Compensation (Part 1)

Weather you just started receiving employer stock as part of your compensation package or have been receiving it for several years, having a plan in place for managing this critical component of your income and net worth is essential.