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Mark Chisenhall, CFA
Avoiding the Tax Underpayment Penalty
Here are 3 ways to manage your tax withholding and minimize any tax underpayment penalty.
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Don't Work for Walmart?
Our expertise and processes may be well-suited to address your financial planning needs. Plus, we enjoy learning about executive compensation and benefits offered by other companies! Schedule a call and let's see if there is a potential fit. If not, we are happy to refer you to another advisor in our network that is better suited to serve you.
Walmart Deferred Compensation
Matching Plan (DCMP)
The Walmart DCMP is the most effective tool for Walmart Executives to minimize their lifetime tax expense. Executives in high tax brackets AND approaching retirement can benefit tremendously from a strategic approach to the Walmart DCMP.
Walmart 401(k)
The Walmart 401(k) is a robust plan that provides both Traditional and Roth accounts, a generous 6% employer match, and access to low-cost investment options.
Walmart
Stock Holdings
For many Walmart Executives, a substantial portion of wealth is tied to Walmart stock. While diversification is crucial, it is important to execute the process thoughtfully and in a tax-efficient manner.
Taxes
For Walmart Executives, taxes are the largest expense. Fortunately, there are tools available, such as the Walmart DCMP and 401(k) Plan, designed to minimize lifetime tax expenses.
Promotion to Officer
Upon promotion from Sr. Director, new Officers experience increased complexity in their personal finances. The three most notable changes involve higher taxes, expanded access to the Walmart DCMP, and more equity compensation.
Investment Strategy
Executives often have wealth spread across various accounts such as 401k, DCMP, IRA and Non-Qualifed Accounts. It is crucial to consolidate these accounts under a thoughtful and unified investment strategy.
Walmart Employee Benefits
Walmart provides an extensive benefits program. The pivotal decisions often revolve around selecting the optimal Health Plan, Long-Term Disability coverage, and Life Insurance options.
Management Incentive
Plan (MIP)
The MIP (Management Incentive Plan) is an annual short-term cash bonus that fluctuates depending on both company-wide and individual performance.
Walmart Equity
Compensation
Walmart Executives often receive increasing compensation in the form of Walmart Stock as their careers advance. Without a proactive strategy, these infrequent and substantial stock infusions can lead to highly concentrated stock positions and unexpected tax liabilities.
Gifting to Charity
For many Walmart Executives, charitable gifting is an essential component to their financial plan. An effective strategy involves donating highly appreciated stock, such as WMT shares, to a charitable organization or Donor Advised Fund.
Early Retirement
Similar to professional athletes, Walmart Executives build wealth over a relatively short period. It is crucial to maximize these peak earning years to ensure sufficient funds for a comfortable and extended retirement.
The Walmart DCMP is the most effective tool for Walmart Executives to minimize their lifetime tax expense. Executives in high tax brackets AND approaching retirement can benefit tremendously from a strategic approach to the Walmart DCMP.
Walmart Deferred Compensation
Matching Plan (DCMP)
The Walmart 401(k) is a robust plan that provides both Traditional and Roth accounts, a generous 6% employer match, and access to low-cost investment options.
Walmart 401(k)
For many Walmart Executives, a substantial portion of wealth is tied to Walmart stock. While diversification is crucial, it is important to execute the process thoughtfully and in a tax-efficient manner.
Walmart
Stock Holdings
For Walmart Executives, taxes are the largest expense. Fortunately, there are tools available, such as the Walmart DCMP and 401(k) Plan, designed to minimize lifetime tax expenses.
Taxes
Upon promotion from Sr. Director, new Officers experience increased complexity in their personal finances. The three most notable changes involve higher taxes, expanded access to the Walmart DCMP, and more equity compensation.
Promotion
to Officer
Executives often have wealth spread across various accounts such as 401k, DCMP, IRA, and Non-Qualified Accounts. It is crucial to consolidate these accounts under a thoughtful and unified investment strategy.
Investment
Strategy
Walmart provides an extensive benefits program. The pivotal decisions often revolve around selecting the optimal Health Plan, Long-Term Disability coverage, and Life Insurance options.
Walmart
Employee Benefits
The MIP (Management Incentive Plan) is an annual short-term cash bonus that fluctuates depending on both company-wide and individual performance.
Management
Incentive Plan (MIP)
Walmart Executives often receive increasing compensation in the form of Walmart Stock as their careers advance. Without a proactive strategy, these infrequent and substantial stock infusions can lead to highly concentrated stock positions and unexpected tax liabilities.
Walmart Equity
Compensation
For many Walmart Executives, charitable gifting is an essential component of their financial plan. An effective strategy involves donating highly appreciated stock, such as WMT shares, to a charitable organization or Donor Advised Fund.
Gifting
to Charity
Similar to professional athletes, Walmart Executives build wealth over a relatively short period. It is crucial to maximize these peak-earning years to ensure sufficient funds for a comfortable and extended retirement.
Early
Retirement
1. We Specialize in
Financial Planning
for Walmart Executives
Many firms try to be all things to all people - not Taurus Financial Planning. Our expertise, processes, and business model are all tailored to serving Walmart Executives.
2. We Focus on Tax Planning
Many advisors choose not to provide in-depth tax planning, yet for Walmart Executives, taxes are likely the largest expense. Fortunately, Walmart Executives have access to tools that can minimize their lifetime tax burden. While paying taxes is necessary, there's no need to leave the IRS a tip.
3. We Charge a
Transparent and Fair Fee
Taurus Financial Planning does not earn commissions from selling products nor does it increase fees simply as your wealth grows. We aim to charge a flat fee based on the complexity of your situation. Additionally, we are able to maintain lower fees because the firm's expertise and processes are designed to efficiently serve Walmart Executives.
4. We Work Virtually
Taurus Financial Planning is based in Northwest Arkansas with the capabilities to provide our full range of services virtually. Whether you are located outside of Northwest Arkansas or prefer to avoid the hassle of sitting in Bentonville traffic for in-person meetings, the convenience of virtual meetings enables shorter yet more frequent and efficient interactions.
5. We Are Regulated Solely
as a Fiduciary
As a Registered Investment Advisor, we operate under strict fiduciary regulations, obligating us to consistently act in your best interest. In contrast, many advisors affiliated with banks, brokerages, and insurance companies may not adhere to the same fiduciary standard.
What Makes Us Different
from Typical Financial Advisors?
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