Blog

Employer-sponsored 401(k)s are a popular retirement investment vehicle many pharma professionals have. However, the challenge with 401(k)s is that your funds are locked into investment decisions made by the plan sponsor. The money you...

There's a tax mistake I've found is common amongst those working in Pharmaceuticals and I'm sharing it in this video.

Johnson & Johnson continues to be a leading employer in the pharma space, providing employees of its Innovative Medicine and MedTech divisions with a competitive benefits and retirement package focused on long-term equity incentives...

RSUs are a common benefit in the Pharma industry - but they might actually be the reason you owe so much during tax season. Check out the latest from my Pharma Financial 5 video series to find out why.

Becoming a pharma professional doesn’t happen overnight—and it doesn’t come cheap! Tuitions today are higher than ever, and most graduates enter their professional lives with more than just a degree.

If you work in the industry chances are you've come across these at some point - Stock Options. But what the heck are these things? Sometimes they're worth a lot, sometimes they're worth nothing. What's going on?

Pharma professionals will undoubtedly face many unique challenges throughout their careers. From high student loan debt and other educational expenses to job changes and challenges faced by those reliant on funding to keep research...

Eli Lilly offers a generous compensation and benefits package that includes remarkable perks, even for employees who have been with the company for only a short time.The pharma industry is generally known for its high salaries, stock...

At the end of a career at Abbott Laboratories, most employees will have amassed significant savings from their employer-sponsored benefits. However, nothing should be taken for granted. How you allocate those funds in retirement will...

One of the most amazing and challenging trips I've ever taken taught me a lot about what I do helping Pharmaceutical employees.

Investing in biotech can be incredibly rewarding, but it also comes with considerable risk. The space continues to see rapid growth, and it’s relatively easy to acquire stocks because of that. New products are constantly coming to...

Bonus ideas for Pharmaceutical employees.

The other day I got asked a question that I absolutely hate. That question was, "how much should I have saved for retirement at my age?". Now that question, on the surface is not really a bad thing. On the contrary this is something...

Retirement is an eventuality for all pharma employees. If you are a Merck employee and have the luxury of choosing when to retire, you’ll want to ensure you understand the ins and outs of Merck’s pension and benefits. Tax rates,...

I always love Halloween - fun costumes, free candy, and of course watching your favorite scary movie. It's a fun time of the year for things to get a little spooky, but when it comes to your investments fear is usually the last thing...

If you work for Pfizer, you likely have a generous compensation and benefits package. But do you understand what to do to make the most of what’s available to you? Whether you’re a new employee, a mid-career professional, a manager, a...

The end of the year is quickly approaching. But did you know there are some crucial decisions you might be able to make that could impact both this year and the next?

One of the best parts about working in the Pharmaceutical industry is that most Pharma companies can provide some great investment benefits. Things like Stock Options, Restricted Stock Units, and Employee Stock Purchase Plans most of...

The pharmaceutical industry is incredibly dynamic—but along with the highs come inevitable lows, making for a volatile environment. Sudden layoffs are not uncommon, nor are mergers and acquisitions, or the inevitable revenue declines...

With just a few short months before the end of the year many higher earners in Pharma have already reached the limit in what the IRS allows for annual 401(k) contributions. But your employer may have another place you can save...

There's a lot of common questions I get helping people in the Pharma industry. Some are easier to answer then others but one of them was pretty simple - until recently.

Most people don’t start thinking about retirement until they’re in their 50s or thereabouts. But is that really the best strategy? Retirement is a monumental expense. High earners don’t often think about what it will be like when their...

Despite a few bumps in the road, the stock market has been on a fantastic run lately. Over the past year, the S&P 500 has climbed almost 20%. In July alone, the index hit several closing milestone records. As a pharma employee, you...

As a financial advisor there's a lot of things I can help people with. Investment strategies, retirement planning, being financial secure and confident in their future - these are the types of things most people would want to achieve...

Pharma employees typically have robust compensation packages above and beyond their salary. Understanding what you have is the first step to being able to take full advantage of stock options, health benefits, and retirement plans so...

One of my primary reasons for focusing specifically on helping those in Pharma is that it tends to be a very benefit heavy industry, and that can make planning for financial goals a bit more complicated.

Like many pharma employees, you might be offered Restricted Stock Units (RSUs) as a form of compensation. As I explained in a recent blog, RSUs can be a lucrative bonus that tend to be a bit more stable than stock options. But when...

The pharmaceutical industry is advancing at breakneck speed, fueled by rapid advancements in technology, evolving regulatory frameworks, emerging global markets, and international pressure to deliver innovation faster, more...

There's plenty of smart people in Pharma who want to manage their own investments. The problem is when those people don't exactly have the best understanding of their investment strategies, and there's one thing I tend to hear quite often.

If you're fortunate enough to have a pension and you're married there's a chance you'll have some decisions to make that could lower your pension income. Find out why (and another option) in this video.

Experts predict that the pharmaceutical industry will grow to surpass $2.82 trillion by 2033, representing gains of over $1 trillion between now and then. Year-on-year growth remains steady at 5.79% CAGR, driven by novel drug...

You’re probably familiar with well-known tax-advantaged accounts like 401(k)s and IRAs. But there’s one account type that’s surprisingly overlooked – the Health Savings Account (HSA). HSAs are usually misunderstood and, as a result,...

Did you know that anyone in Pharma can have a Roth IRA? Yes...I really mean anyone, regardless of that income limit you might have heard about in the past. Check out my latest Pharma Financial 5 video to see what I mean.

If you have access to an ESPP through your Pharma company you might be able to get an immediate 11% return. Learn how in my latest video.

Tax planning is essential for high-earning pharma professionals. However, the way the tax code is structured, the more you earn, the more taxes you pay. Tax planning helps you mitigate your tax burden and can also help you secure your...

And make sure you get my Investment eBook for Pharmaceutical employees "4 Questions Pharma Employees Should be Asking". It's free, there's no obligations, and I'll keep you updated when I post new blog posts and videos. Click HERE to...

It's the perfect time to secure the salary you deserve! Whether you’re switching roles or negotiating a raise, this guide offers key strategies—from research tips to negotiation tactics—to boost your confidence and your paycheck.

If you’re early in your pharma career and pulling in a nice salary, retirement planning might not be high on your list of priorities. And that’s a real missed opportunity. Most people don’t realize that the early years of their career...

Employment trends in the pharma industry look challenging right now, with the first half of the year bringing more layoffs. But I’m also seeing a few reasons for pharma employees to be optimistic that the tide is turning.

Forget the horror movie – let’s look at something really scary this Halloween. College costs!

What a year 2022 has been. Both stocks and bonds - investments are down across the board. But there's a silver lining that might just make it a bit better. The Roth Conversion.

The Bear market is upon us. With the recent rise in inflation and the Fed's subsequent rising of interest rates the stock market has been looking less than stellar lately. So the big question is now what?

Do you ever get nervous about a drop in the stock market? This phrase will help you keep your cool and evaluate your options if, or when, that happens.

What would you do if you met someone who could predict the future? You'd probably have all sorts of questions about your future life, or if you should do anything differently. But the truth...

2020 has been a heck of a year. At the start I never would have thought my wife and I would be stuck at home spending Thanksgiving by ourselves. But as Covid19 cases continue to rise, and having family who recently contracted the...

As a financial advisor focused on helping those working in the Pharmaceutical industry I've been getting a LOT of questions concerning the current state of the financial markets. Will there be another down turn or will the market's...