Your Advanced Micro Devices Benefits & Career: Financial Planning for Employees and Executives

Do you work at Advanced Micro Devices? Get the resources you need and expert insights from financial professionals who specialize in helping Advanced Micro Devices employees make the most of their compensation package and benefits.

Whether you’re a new Advanced Micro Devices employee or you’ve moved up the ranks into a management or executive leadership role over a multi-year career, it’s important to make smart money moves with your income and employee benefits. For example:

✅ Do you know the right moves to make to get the greatest value from the Advanced Micro Devices benefits available to you?

✅If you’re thinking about leaving Advanced Micro Devices for another job or planning to retire from the company in a few years, are you taking the right steps today to ensure you will receive all of the compensation and benefits that you’ve earned?

Get the Most Value from Your Advanced Micro Devices Benefits and Compensation Package

Throughout the year, Advanced Micro Devices provides its employees and executives with updates about their benefits ranging from health insurance and health savings plans to retirement plans like a 401(k), deferred compensation plans, and stock options. While the company offers many useful resources and access to knowledgeable staff who can assist with questions, you’ll also find financial professionals not affiliated with Advanced Micro Devices who specialize in helping Advanced Micro Devices employees make the most of their income and benefits.

Whether you work in the Advanced Micro Devices headquarters in Austin, Texas another office location around the country, or remotely from home, you may have questions about your compensation package and benefits better suited for a financial professional who can offer unbiased advice and guidance.

For example, sensitive topics like discussing the steps you should take before quitting your job at Advanced Micro Devices to work elsewhere, protecting yourself in advance of a corporate layoff, or deciding when you should plan to retire are all conversations that may be more comfortable with a trusted financial advisor.

💡 In the Q&A below, you’ll gain insights from financial advisors who work with Advanced Micro Devices employees to help them make smart decisions to get the most value from their compensation and benefits, reduce their money stress, and prepare for a comfortable retirement.

🙋‍♀️ Do you have questions not yet answered? Use the form below to submit questions anonymously and watch this article for updates with answers to your questions. You can also reach out to the financial advisors below to set up an introductory call or contact them with your questions by email.

💸 Smart Money Insights for Advanced Micro Devices Employees & Executives

This page is organized into sections to help you quickly find the information you need and get answers to your questions:

1. Q&A: Financial Planning Tips for Advanced Micro Devices Employees & Executives
2. Get Answers to Your Questions About Your Advanced Micro Devices Benefits and Career
3. Browse Related Articles

Q&A: Financial Planning Tips for Advanced Micro Devices Employees & Executives

Answers to Employee Questions with Stu Sneen, CFP®, CFA

Stu Sneen is a financial advisor based in Austin, Texas who specializes in offering financial planning services to Advanced Micro Devices employees. Stu helps his clients get the most value from their Advanced Micro Devices benefits and compensation package so they can enjoy life and feel confident about their financial future.

Q: As a financial advisor with experience helping Advanced Micro Devices employees save for their retirement, how do you help them make the most of their employee benefits?

Stu: AMD employees are well educated and earn high income, which creates tremendous savings and investing opportunities. AMD offers many financial benefits to help employees save for retirement such as the 401(k), Mega Back Door Roth, ESPP, RSUs, Deferred Income Account, and more. Yet, each employee has a unique financial situation. And it can be complicated to understand how to maximize the personal financial benefits and reduce taxes. I help AMD employees maximize their benefits and equity, reduce taxes, and invest wisely through a personal financial planning approach. Read more in this guide.

Q: When you first speak with a Advanced Micro Devices employee, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?

Stu:

1. Are you financially organized and prepared with a plan to protect your family and assets from an untimely event?
2. What role does your equity play in the achievement of your financial goals? How do you stay organized and navigate your equity decisions?
3. Are you saving and investing enough for retirement? How do you know for sure?
4. What proactive tax planning do you initiate each year to reduce taxes and avoid costly mistakes?
5. How are you managing your stock concentration risk to ensure you are diversifying properly and investing wisely?

Q: Is there a particular benefit available to Advanced Micro Devices employees you feel isn’t as well utilized or understood by employees as it should be?

Stu: Yes! The Mega Backdoor Roth is for high earners who have maxed out their 401(k) and want to save more to create tax-free growth and tax-free withdrawals in retirement. There are misconceptions on how the Mega Backdoor Roth works, the limitations, and who can take advantage of it. This benefit is underutilized by many employees, which results in a lost savings opportunity. But there is no income limit and you can still participate even if you are unable to contribute to a Roth IRA or if you have existing Traditional/Roth IRA balances.

Q: Beyond Advanced Micro Devices employee benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients?

Stu: The Health Savings Account (HSA) offers triple tax advantages:

• Tax-deferred growth
• Tax-free withdrawals for qualified medical expenses
• Tax deduction in the year of contribution

Q: For Advanced Micro Devices employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?

Stu: Prior to leaving, it is important to consider the implications of your RSUs and ESPP. Unvested shares will likely be forfeited.

Q: For Advanced Micro Devices employees who have managed their finances on their own to this point, what would you suggest they consider to help them decide if they should begin working with a financial advisor at this stage in their lives?

Stu: AMD employees are smart and highly educated. Many of them could (and do) handle their own financial affairs. I find that AMD employees seek a financial planner if they lack one or more of the following items regarding their personal financial management:

1. Desire
2. Skill
3. Time
4. Discipline

Not everyone needs a financial planner. But mid-career tech professionals often get to the point where they realize that their financial situation is becoming more complex:

• They are providing for their family.
• Insurance (life/disability) protection is needed.
• Estate planning becomes important.
• RSUs get complicated, especially in higher tax brackets.
• High income leads to high taxes, so they want to find ways to reduce taxes.
• Now they find themselves with significant assets, and they want to ensure they are properly invested and not making a big mistake.

These are typical situations that lead an AMD employee to seek out a financial planner.

Q: What are some of the unique financial planning challenges you commonly see among your clients who are Advanced Micro Devices employees and how do you help them overcome these obstacles?

Stu: Here are the main financial planning challenges I find with AMD employees:

• High income can lead to higher taxes. Many tech employees miss out on proactive tax planning strategies to reduce their taxes.
• Having a large portion of net worth tied up in AMD stock and not being properly diversified, which can create unnecessary risk exposure.
• Organizing, managing, and navigating the complexities of equity compensation (RSUs, ESPP, Deferred Comp, etc.) and avoiding unwanted tax bills.

Q: What questions do you recommend Advanced Micro Devices employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?

Stu: AMD employees may want to consider asking these questions to any financial advisor:

• What is your investment approach?
• Are you a fiduciary 100% of the time or only some of the time?
• How are you compensated?
• How long have you been in the financial business, and what higher education/designations to you hold?
• Do you specialize in the unique needs of people in tech, such as equity compensation?

Get to Know Stu Sneen Financial Advisor for Advanced Micro Devices Employees:

View Stu’s profile page on Wealthtender or visit his website to learn more.

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