Minnesota has a lot of large employers with publicly traded stock and generous stock plans. Here’s how to manage the risk while being mindful of taxes.
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Employee Stock compensation is one of those things that you know you should be doing something with but really only give it any thought when you are forced to do something, like approve an option grant. Even if you aren’t checking every day, you should at least review your total employee stock plan once a year.
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Whether you just got fired, are planning to leave your employer to pursue another opportunity, or ready to retire, you need to make sure you understand what happens with your employee stock options as this could have a huge impact on your tax situation and your retirement plans.
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