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When times get tough, it takes a little more focus to stay on track financially. One strategy for focusing on your financial goals is to literally occupy your mind with your goals. This is a great way to motivate yourself into doing what needs to be done; especially when you may not feel like it.

Incentive stock options are a type of equity compensation arrangement where the employer grants the employee the right to purchase company shares in the future at a predetermined price. Most incentive stock options vest over a 4 year period.

I work with clients across the generational and socioeconomic spectrums, but my wheelhouse is working with the professional Millennial. This is because I concluded that to best be in position to help people, I must understand their situation.

If your company offers a 401k, you’re in luck because 401k’s are one of the best tools at your disposal to retire comfortably. What many people don’t realize however is that you may have options in your 401k that you didn’t know existed. For example, many people don’t know that Roth 401k’s exist and that they may be an option in their own 401k. But this knowledge can be very powerful and may be the difference between thousands of dollars worth in taxes.

Companies use restricted stock units or RSUs in a similar way to incentive stock options (ISOs) or nonqualified stock options (NSOs). But RSUs are simpler and more straightforward than ISOs or NSOs.

Do you know exactly how much money you want to have before you retire? Do you have a plan to get that money? My guess is probably not. But here’s why you should.