Consilio Wealth Advisors

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Consilio Wealth Advisors

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Educational purposes only. Not personalized investment, tax or legal advice. Views may change. Third-party info is believed reliable, not guaranteed.

Investing involves risk, including loss of principal. Past performance does not guarantee future results.

10/28/2026

How we use covered calls for concentrated stock. Sell call options on your shares, collect premium upfront. If stock stays below strike price, keep premium and shares. Generates income.

10/26/2026

Traditional retirement advice fails tech professionals. Income swings 30-50% annually, stock concentration is massive, and many want to retire by 55, not 65.

10/23/2026

An extra $1,000 could cost you $27,000 in taxes. 🚨

Washington State's new income tax, set to take effect in 2028, has a cliff hidden inside it that could blindside high earners with appreciated stock.

Here's how it works:

The 9.9% income tax applies to earnings above $1 million. Long-term capital gains are technically excluded, but only if you stay below the state's capital gains excise tax threshold.

The moment your gains cross that line, all of them get pulled into your income tax base. Not just the amount over the threshold. All of it.

For a couple earning $1.2M in wages who realizes $279,000 in capital gains, just $1,000 more than the threshold, the math gets painful fast. That $1,000 triggers the excise tax and bumps their total taxable income to $1.479M. They now owe 9.9% on $479,000, adding $27,621 to their tax bill compared to staying just under the line.

The $278,000 capital gains exemption? Gone once you cross the threshold.

A ballot initiative could still repeal this law before it takes effect, but if you hold concentrated stock positions in Washington, this is worth understanding now.

10/21/2026

W-2 says $2M but checking account shows $15K monthly. This psychological disconnect creates constant anxiety for tech workers despite massive wealth.

10/19/2026

Upgraded your home but hate the new monthly payment? Mortgage recasting lets you make a lump-sum principal payment and have your lender recalculate — same rate, same term, dramatically lower payment. No credit check, no closing costs.

10/16/2026

Washington's capital gains tax: 7% up to $1M (minus $278k deduction), 9.9% over $1M. On top of federal taxes and 3.8% NIIT. Applies to gains on stock sales, not amount sold.

10/14/2026

Washington is introducing a 9.9% income tax on earnings above $1M starting 2028. Combined with federal rates, that's nearly 47% — and the planning window before it hits is shorter than you think.

10/12/2026

Quitting your tech job at the wrong time could cost you six figures. Bonus cutoffs, vesting cliffs, and 401(k) match strategies across employers all deserve a look before you give notice.

10/09/2026

Margin loans offer quick liquidity with no credit check, but margin calls are dangerous. If your portfolio drops 25%, you may have 24 hours to add cash or sell.

10/07/2026

Roth conversions might be wrong for tech professionals. If you're in 37% bracket now but 24% in retirement, you're paying more tax unnecessarily.

Address

500 108th Avenue NE Suite 100
Bellevue, WA

Telephone

+12065333670

Website

https://www.consiliowealth.com/, https://www.consiliowealth.com/disclosures

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