Your Money Café
Sonya & James Tran
WHAT'S THE LATEST?
Your next trading window will open on Jan 15th
Sell vested RSUs & newly purchased ESPP shares
I will reach out early in the year to schedule your Q1 meeting
Enjoy your holiday break with Sonya's family!
Have an update or question?
Need to chat?
15-minute Zoom call
Life updates & impromptu questions
👈 Help w/ completing those tasks
CORE VALUES
Time freedom to spend with family
Support your local community
"Slow travel" to experience different cultures around the world
Provide for Mia & help support each of your parents
HIGHLIGHTS
Recently spent 3 weeks together in Italy & France
Net worth has increased by $130,000 since January 2021
Reached savings goal of $35,000 for your emergency fund
Completed your estate plan
Started 529 plan for Mia’s college
STRENGTHS
Great careers that you enjoy
Strong relationship & communication
Good benefits & retirement plan
CHALLENGES
High cost of living
Low college savings
Complexity with tax situation
OPPORTUNITIES
Equity compensation & upcoming IPO
Additional tax savings on charitable giving
THREATS
Large % of net worth tied to company stock
Unexpected death or disability
Lifestyle creep
NET WORTH
$664K
2023 INCOME
$410K+
TOTAL SAVINGS RATE
34%
Net worth snapshot as of 12/01/2023
FAMILY CALENDAR
ANNUAL CASH FLOW ESTIMATE
"Be intentional with your money"
Income
Estimating $20K bonus for Sonya
Assuming not exercising any ISOs
Charity
Giving $10,000 to your local church
Giving $300/mo to World Central Kitchen
Taxes
Current withholding estimates
Federal: $75,000 (refund of $5,000)
State: $28,000 (refund of $2,000)
Savings
Max out Roth IRAs
$1,250K/mo to Utah my529 plans
Living Expenses
$3,000/mo for your mortgage (includes taxes & insurance)
$10,000 for trip to France/Italy
$6,000/mo for general living expenses
Debt
Finishes paying off your student loan!