#37 Modern Financial Planning in Tech

Modern Financial Planning in Tech with Mike Troxell In this episode, financial planner Mike Troxell, founder of Modern Financial Planning, joins hosts Jake and Arun to discuss financial planning with a focus on tech professionals. They dive into recent economic events, the challenges tech workers face, managing sudden wealth, and the importance of tax planning. Mike also shares insights on balancing risk, behavioral finance, and lifestyle considerations.

The episode wraps up with a lively debate: is Buffalo a part of the Midwest? 00:00 Introduction to Mike Troxell 00:41 Mike's Journey into Financial Planning 02:27 Client Demographics and Geographic Shifts 04:35 Financial Planning for Tech Professionals 07:24 Behavioral and Emotional Aspects of Financial Planning 08:50 Impact of Recent Economic Changes 12:35 Challenges in the Tech Job Market 18:01 Balancing Financial Literacy and Emotional Support 32:15 Behavioral Questions and Personal Considerations 32:50 Understanding Stock Options: ISOs, NSOs, and RSUs 37:16 Tax Implications and Reporting Issues 39:19 Diversification vs. Concentration in Company Stock 45:17 Managing Client Expectations During Market Uncertainty 48:59 Hot Takes and Lighthearted Debates 51:51 Conclusion and Contact Information

You can find Mike Troxell at https://www.modernfp.com