Personal Financial Planning for Executives and Entrepreneurs : The Path to Financial Peace of Mind

Effective financial planning for executives and entrepreneurs is complex, dense, and impossible to reduce to a single, easy-to-understand formula. Designed to emphasize the importance of effective, targeted financial planning, this book begins by telling a story about a fictional, but plausible, power couple and their family who (spoiler alert!) do pretty much everything wrong in securing their financial future. In most cases, they don't do the things needed because they don't know what they are. Using this story as a case study of executives and entrepreneurs, the book breaks down the case into chapters and offers practical discussions of all the key financial planning pillars--investment planning, tax planning, estate planning, philanthropic planning, risk management, and equity-based compensation to name a few--with the tools needed to tailor a plan for virtually every circumstance and need. While there is no single plan that works for everybody, this book will provide a guide with complicated, technical information alongside specific guidance on how to build an effective financial plan.-- Provided by publisher Front Matter ....Pages i-xxvii The Story of David and Goliath, and Abby and Samson: A Journey with No Direction (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 1-5 The Goals of Executive Financial Planning: Peace of Mind and the Five Pillars (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 7-14 Understanding and Negotiating Executive Employment Agreements for Success (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 15-39 The ABCs (and ESPPs, RSUs, SARs, ISOs, and NSOs) of Equity-Based Compensation (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 41-58 The Story of David and Goliath, And Abby and Samson: The Aftermath (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 59-62 Achieving Financial Independence: Goals-Based Planning (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 63-78 Investment Planning in Five Steps (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 79-91 Tax Planning and the Ten Commandments (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 93-113 Estate Planning and Why It’s Really So Important (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 115-133 Planning for Philanthropy and What It Can Do for Everyone (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 135-142 Managing Some of Life’s Great Risks Through Insurance (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 143-156 Finding the Right Advisors (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 157-167 The Alternative Story of Delilah, Redemption, and the Promised Land (Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken et al.)....Pages 169-181 Back Matter ....Pages 183-187 Effective financial planningfor executives and entrepreneursis complex, dense, and impossible to reduce to a single, easy-to-understand formula. Designed to emphasize the importance of successful, targeted financial planning, this book begins by telling a story about a fictional, but plausible,powercouple and their family who (spoiler alert!) do pretty much everything wrong in securing their financial future. In most cases, they dont do the things needed because they dont know what they are. Using this story as a case study of an executive and an entrepreneur, the book breaks down the case into chapters and offers practical discussions of all the key financial planningcomponentsinvestment planning, tax planning, estate planning, philanthropic planning, risk management, and equity-based compensation to name a fewwith the tools needed to tailor a plan for virtually every circumstance and need. While there is no single plan that works for everybody, this book provides a guide, with technical information alongside general themes, focused on howto build aneffective financial plan.In addition to all the benefits of the first edition, this second edition provides significant new content and insights for the entrepreneur who is planning for a future liquidity event such as a sale. It also provides detail on how to manage concentrated ownership positions and on ESG investment strategies, a rapidly growing investment theme. Finally, the second edition includes tax, estate planning, regulatory, and other updates to reflect changes since the first edition was published.