JNBA’s Nick Scheibel shares tips in Upsize Magazine
Receiving a big promotion and significant compensation can be cause for celebration. And, it can also be a reason to talk to your financial advisor. JNBA Financial Advisor Nick Scheibel was recently published in Upsize where he shared tips for readers who find themselves in this potentially pivotal situation:
“While a bigger salary will mean more cash flow in your checking account, it is also an opportunity to consider how the increased income affects your long-term plans.”
In the 7-minute read, Scheibel discusses things to consider from income deferral to tax implications. He also notes that business owners who are considering promoting team members have unique considerations as well, especially when it comes to the ability to retain top talent. To access the full article, click here.
Upsize Minnesota is a magazine focused on small business owners who are interested in how-to tips for growing bigger and more profitable companies.
As always, if you have questions or need anything, please do not hesitate to contact your JNBA Advisory Team.
Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors.
Please see important disclosure information at jnba.com/disclosure.
