Five Things for Employees to Review by Year‐End

by Richard Friedman, The Ayco Company, L.P. Fall is open enrollment season at most companies and making an appropriate medical coverage election may be the most important year‐end decision for most employees. Yet, on average, employees spend less than an hour reviewing their employer’s enrollment material. There is now evidence that how a company communicates this information can greatly influence the actions taken by employees. But there are several other year‐end action items that individuals also should review. Getting into...

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Tax Tips for Employee Stock Purchase Plans

IMAGE: Anj Belcina on Unsplash By Geoff Zimmerman Tax rules for the sale of employee stock purchase plan (ESPP) shares can be quite complex for plans that allow participants to purchase stock at a discount. The best way to explain the rules of the road for dealing with ESPP stock purchases and sales is through examples, to help ESPP participants better understand the nuances of these plans. Our fictional sample ESPP participant is Jim Brook of Orange, Inc. We'll see how Jim's shares can...

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Building an Executive Services Program

Working with executives with equity compensation is a proven way of securing high net worth clients. However, financial advisory firms who are interested in competing in this market and achieving significant revenue goals need to provide more than just basic financial planning that includes employee stock options and restricted shares. Pursuing the equity compensation market requires planned effort and coordinated resources. Here are 4 things that are critical to implementing a successful Executive Services Program: 1. Check for Fit: Start...

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