Newsletter
Read Time: 4 minutes
Welcome to the 25th edition of the Tech Financial Planning (TFP) newsletter.
In Breaking Bad, Walter White is figuring out how much money he needs from selling meth to provide for his family.
After doing some math, he comes to the conclusion: “$737,000. That is what I need.”
In this newsletter, we’ll break down if you need life insurance, how much you need, and taking a look at how much Walter White needed.
Before I became a financial advisor and helped start Coastal Capital Advisors, I actually worked at Procore for 4 years (employee #450!). I saw the company go from a single product, primarily Carp-only company to the juggernaut it is today.
Through my own experience and working with many current and former Procorians, we have a wealth of experience in working with clients at Procore. We’ve helped Procore employees make decisions around their Procore equity, maximize their 401k, and optimize their cash flow. And we've designed financial plans that are tailor made for Procore employees to achieve their dreams.
Think of us as a guide. Or sherpa. That’s more fun.
A big part of our job is helping you understand the wide-ranging benefits Procore offers. More importantly, how each benefit connects to the rest of your financial life.
We recognize each of our clients (an you) has their own priorities and agenda. For some, that may be owning real estate. For others, that may be retiring in Costa Rica in 10 years.
Based on your dreams, we want to make sure you make the most of your benefits so you can get there.
This isn’t going to cover every in and out of your Procore equity, every strategy, etc. That would be a full length novel, and it still wouldn’t cover everything.
This is intended to be an overview. A starting point if you will. A guide to many of the different benefits Procore offers.
But also to illustrate how we’ve helped clients navigate through the many benefits Procore offers.
My goal is that this helps you avoid some common pitfalls, sparks a few questions, and gives you more insight and clarity.
If you are the DIY type, I hope this inspires you to do some more research and guides more productive planning.
If this all seems overwhelming and you feel like you need some help, I’d love to chat!
We will break this out into 3 sections
Making sense of your Procore Equity
Understanding your 401(k) plan at Procore
Maximizing other benefits
Let’s get started!
