Schools in/around Mountain View?

[roadwarrior101]

Originally Posted by flyingsaucermom

It's the best thing he can get. He was in academia before switching over to high tech. The only other viable jobs are in academia and if he took either of the positions that he is up for, it would involve a 30% pay cut and no stocks or bonuses. The SJ job will let him stay and grow in industry, albeit at a lower pace than his current job.

I'll bet there is a bonus structure and ongoing stock awards. What level is he at? Sr. Mgr? If so, he'd probably expect at least a 15% bonus (maybe higher, depending on company). Also, some companies pay well above targets when they perform well. From an ongoing stock (RSU) standpoint, it would probably be at least $20k annually, but could be much more, depending on the company.

[EastIndian]

Originally Posted by flyingsaucermom

It's the best thing he can get. He was in academia before switching over to high tech. The only other viable jobs are in academia and if he took either of the positions that he is up for, it would involve a 30% pay cut and no stocks or bonuses. The SJ job will let him stay and grow in industry, albeit at a lower pace than his current job.

ok..got it!

Good luck to you all!!

[flyingsaucermom]

Originally Posted by roadwarrior101

I'll bet there is a bonus structure and ongoing stock awards. What level is he at? Sr. Mgr? If so, he'd probably expect at least a 15% bonus (maybe higher, depending on company). Also, some companies pay well above targets when they perform well. From an ongoing stock (RSU) standpoint, it would probably be at least $20k annually, but could be much more, depending on the company.

He's a Sr. researcher.... no bonus structure, but there is an ongoing stock award. Unfortunately, I don't know how stock options work.... last year was his first year to receive that kind of compensation. Sounds like that's how people make their money though... probably should read up on it!

[roadwarrior101]

Originally Posted by flyingsaucermom

He's a Sr. researcher.... no bonus structure, but there is an ongoing stock award. Unfortunately, I don't know how stock options work.... last year was his first year to receive that kind of compensation. Sounds like that's how people make their money though... probably should read up on it!

He'll probably get ongoing RSUs awarded annually. These typically have a 4-5 year vesting schedule and either partially vest every 6 or 12 months. After a few consecutive years of getting these awards, the amount you can redeem becomes significant. The one drawback of RSUs is that they count as ordinary income and are reported to the IRS when they vest. You cannot hold onto them longer as you can with stock options, to classify them as capital gains. We typically cash out when my wife or my RSUs vest and put a significant amount of them into savings.

[flyingsaucermom]

Originally Posted by roadwarrior101

He'll probably get ongoing RSUs awarded annually. These typically have a 4-5 year vesting schedule and either partially vest every 6 or 12 months. After a few consecutive years of getting these awards, the amount you can redeem becomes significant. The one drawback of RSUs is that they count as ordinary income and are reported to the IRS when they vest. You cannot hold onto them longer as you can with stock options, to classify them as capital gains. We typically cash out when my wife or my RSUs vest and put a significant amount of them into savings.

Very helpful, thanks. I've only worked menial jobs since I graduated college so like the OP, this is all new to me.

[Nell Plotts]

The two of you should link up after the move and meet with an accountant in the community (after tax season, natch) who can explain how these things work. If the employer has an 'employee assistance program' there may be an affiliated financial adviser. Rarely does a CPA have an agenda beyond fee for service advice, not all financial advisor's disclose their interest in the advise they give.

I suggest you look at bonuses and stock options as a savings resource, not for day to day expenses.