Are you a Google tech professional who wants to take charge of your benefits?
You’ve worked hard to advance in your career. You deserve confidence around your finances, too. Whether you want to retire early or travel the world, a comprehensive financial plan customized to you and your goals can help you get there.
Let’s Talk about Google’s Compensation Structure
Base Salary → New Hire Bonus → Restricted Stock Units (RSUs)
Working at Google means your compensation is more layered than a typical salary. Bonuses, RSUs, employee benefits, 401(k) matches, and more – there’s a lot to balance. We know that every moment spent scratching your head because of tough financial decisions is another moment away from your job, family, hobbies, and the life you want to live.
Our team assesses your financial situation to develop a plan that maximizes your compensation, taps into your employee benefits, and helps you achieve your long-term goals.
Feel confident with a strategic, comprehensive financial plan for your future
Win the tax game. From navigating whether to sell or hold Google RSUs to structuring your portfolio for tax efficiency, we’ll help you keep more of your hard-earned money - click here for a quick Google RSU cheat sheet!
Make work optional. Dreaming of financial freedom? Make the most of your cash bonuses, stock compensation, and other Google benefits, then build a plan that makes those dreams a reality
Retire with confidence. Beyond your Google 401(k), leverage other strategies like the mega back-door Roth 401(k) to build your nest egg
Analyze job offers and make an informed decision based on how each scenario impacts your financial plan
Adapt and evolve your plan as life events and circumstances change with regular check-in meetings
Get the Most from Your Google Employee Benefits
Google treats its employees well – so well that you might not even know about some of the employee benefits available to you! Beyond the more obvious parts of your compensation, like 401(k) matches and GSUs, are you missing out?
Make sure you’re getting everything you’re owed. Consilio Wealth Advisors specializes in compensation packages like yours, and we’ll take a proactive approach to optimizing your financial landscape.
Google Employee Benefit FAQs
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Google will match either 100% of contributions up to the $3,000 mark or 50% of contributions up to the calendar year’s IRS limit, whichever is higher.
Google employees are automatically enrolled in a 401(k) plan. New employees get registered at a rate of 10% of their eligible pay by default.
All of Google’s 401(k) match contributions are considered immediately vested. This means that an employee could leave at any time and take their matched funds with them.
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The portion of GSUs that vest for Google employees will vary from year to year. About a third of them will vest at the end of your first year with the company, and the same is true for your second year. It takes four years for the entirety of your GSUs to vest.
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It depends! If you sell your Google RSUs immediately after they vest, they will only be taxed once as ordinary income.
But say you hold onto them for a bit before selling. If you realize a gain when you sell the RSUs, they may also be subject to a capital gains tax. That said, being taxed twice means you made money twice. Depending on your financial situation, this may be the better option.
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Often with Google and other tech employees, it’s because your sell-to-cover election isn’t high enough to cover your RSUs, which are taxed as ordinary income when they vest.
For many firms, the default Federal tax withholding rate is set at 22%. If this isn’t enough to cover your taxes due to the implications of your Google RSUs, you may owe enough to incur a penalty.
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Consilio Wealth Advisors (CWA) is not affiliated with Google. While CWA communicates with its clients regarding their Google employee benefits, and maintains records on Google’s Benefits, there is no guarantee that the information provided is accurate or up-to-date. Google employees should rely on their employer for the most up-to-date information on their benefits, and for answers to any questions regarding their specific situation. There is no guarantee as to the current accuracy of, nor liability for, decisions based on such information and it should not be relied on as such. This information is designed to be educational only, and does not constitute financial advice.