Tech workers with big stock gains can use 3 strategies to diversify, sell shares, and reduce painful capital gains taxes.
Three strategies to help newly wealthy Silicon Valley techies diversify and avoid huge tax bills
By Alistair Barr
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Author of the Tech Memo newsletter
The rich are getting richer. Here’s what wealth advisers are telling their tech clients right now.
Strong market returns and the AI boom have meant new riches for some employees, but it's risky to have too much of your net worth…
With tech employees holding up to 80% of their net worth in a single stock, advisers say not selling is a real danger.
Put options and charitable remainder trusts are among the strategies for reducing the risk in a concentrated stock holding.
"But the truth is a lot of ultra wealthy people borrow money against their assets and live off of that borrowed money."
Tax adviser says some billionaires are using legal planning strategies to limit exposure to California’s proposed wealth tax.
