Employee Stock Purchase Plans
Does your company offer an employee stock purchase plan (ESPP)? CNBC recently published an article, “What you need to know about your employee stock purchase plan,” which reviews the highlights of an ESPP. The two most important items to consider: taxes, consider the tax implications when deciding to sell your stock. Depending on the timeframe, your tax rate may be different. And second, diversification, remember to consider your overall investment plan when purchasing company stock. You do not want to be overweighted in the same company you work for. Let a Tradition Adviser review your situation and help create a plan for your needs.
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