Most Accenture Managing Directors have inspiring stories of how they’ve found success at the firm. I’m continually amazed as I talk to my clients and hear their backgrounds. Something I’ve noticed over and over is that many Managing Directors are first-generation wealthy. Whether from a lower or middle-class background or different countries, they’re often the […]
Have you maxed out your Accenture after-tax 401(k) yet? If you’re new you have an excuse; otherwise… how many times do I have to tell you about this wonderful opportunity?? Just kidding, this fantastic investment option may not be suitable for you, and this post isn’t a recommendation for your specific situation. Some people love […]
“Retire” is a word that may not resonate with many high-achieving Accenture MDs. I try not even to use the word retire when working with clients. Instead, I focus on financial independence. It’s a subtle difference, but retirement often brings visions of sitting on the front porch and just killing time. On the other hand, […]
Accenture’s salaries aren’t as high as the Big 4 and other private consulting firms, but the multiple Accenture RSU plans can add up. Restricted share units (RSUs) are opportunities to receive stock that is awarded, granted, and vests if the receiver meets all requirements. As you get into leadership roles at Accenture, compensation focus switches […]
Accenture’s career levels in the consulting workforce start at Level 13 and work down to Level 1. Each level has its own name, and we’ll review the Accenture Managing Director levels in this post. While the higher levels are pretty clear on name and role, it gets a little harder to understand the differences between […]
One of the biggest perks of becoming a Managing Director at Accenture is gaining access to the Voluntary Equity Investment Program (VEIP). You can find all the details of the VEIP here, but many MDs still wonder if and how much they should contribute. The short answer is to max out the 30% contribution maximum […]
While making a lot of money as an MD provides many advantages, it does bring some disadvantages when it comes to cashflow, investment opportunities and taxes. If you’re already an Accenture MD, you definitely won’t be able to participate in Roth IRAs or tax-deferred IRAs because of your high income. However, there are some opportunities […]
Our early retirement life, which included a Round the World trip along with a one-year journey across North America in our vintage Airstream, never would’ve happened if we didn’t take control of our money. I went $50,000 in debt one year out of college, and by following the steps below, I was able to pay […]
Planning multigenerational wealth isn’t something most of us give much thought to. Instead, we think of the Rockefeller or Vanderbilt heirs who have lived a privileged life ever since their founders built monopolistic empires. The closest most of us will come to building monopolistic empires is probably… well, in Monopoly. However, that shouldn’t stop us […]
Donor-Advised Funds or DAF’s are one of the best strategies for giving to charities because it gives you flexibility and major tax advantages, so let’s talk about how to use them. Traditionally, DAF’s are one of those rich-people-tricks that can look like a tax shelter, but many people can benefit by using them in reality. […]