Press Release

Year-End Content at myStockOptions.com Helps Employees with Stock Compensation Plan Amid Market Volatility and Economic Uncertainty

Issued by myStockOptions.com

Nov. 29, 2022

Nov. 28, 2022 — Year-end is a key time for financial and tax planning among the millions of employees in the United States who have stock compensation (such as stock options and restricted stock units), participate in an employee stock purchase plan (ESPP), and/or have holdings of company shares. In 2022, year-end financial and tax planning can be tricky because of ongoing volatile stock prices and economic uncertainty.

To help, myStockOptions.com has updated its education and guidance on the major issues, decisions, and innovative financial-planning strategies for the end of 2022 and the start of 2023. This content is available in the website's section Financial Planning: Year-End.

Why Year-End Planning Is Important For Stock Comp

At year-end, multi-year planning is especially valuable with stock compensation. "You can control the timing of stock sales and option exercises, and you know when restricted stock/RSUs will vest," according to Bruce Brumberg, the Editor-in-Chief of myStockOptions.com.

Timely year-end guidance is particularly crucial for people who are considering option exercises or stock sales at the end of 2022. "Employees with equity grants and company shares should be aware of the 2022 and 2023 thresholds for higher tax rates on compensation income and capital gains, the phaseouts for various tax credits, and the Medicare surtax on investment income," Mr. Brumberg notes. "They may want to consider keeping their income below those known thresholds, when possible. If they are convinced their tax rates will be higher in 2023 and beyond, they may want to defer deductions into the future and accelerate income into 2022."

Employees who seek tax-loss harvesting by selling company stock that has depreciated since acquisition also need to be aware of the rules on wash sales, warns Mr. Brumberg. "Under IRS rules, the purchase of new shares within 30 days of the sale can result in a forced deferral of that capital loss until a future year," he explains. "A purchase can include an RSU vesting, stock option exercise, or ESPP purchase."

Year-End Webinar Covers Key Financial And Tax Strategies

myStockOptions.com is also holding a special webinar on year-end financial and tax planning:

• Year-End 2022 Financial & Tax Planning For Equity Comp
• Dec. 1 (2pm–3:40pm ET, 11am–12:40pm PT)
• 2.0 CE credits for CFP, CPE, EA, CPWA/CIMA, and CEP

In 100 minutes, the webinar features insights from a panel of three leading financial and tax advisors, including real-world case studies, to provide practical expertise on equity comp in both public and private companies. "Volatile markets and economic uncertainty make the need for effective guidance even more important, as this webinar will cover," Mr. Brumberg observes. Panelists:

• John P. Barringer (CFP®), Managing Partner, Executive Wealth Planning
• Rebecca Conner (CPA, CFP®), Founder, SeedSafe Financial LLC
• John Owens (CFP®, EA, ECA, CPWA®), Director of Financial Planning, Brooklyn FI
• moderator: Bruce Brumberg (JD), editor-in-chief of myStockOptions

Registration, panelist details, and the agenda of topics are available at the myStockOptions Webinar Channel, where past myStockOptions webinars are also available on demand.

About myStockOptions.com

With exclusive articles, 800+ FAQs, podcasts, videos, the Tax Center, interactive quizzes, the Learning Center with courses for CE credit, Global Tax Guide, extensive glossary, smartphone app for iOS and Android devices, and dynamic patented tools, myStockOptions.com is the premier online resource of educational content and tools on stock options, restricted stock, restricted stock units, performance shares, stock appreciation rights, and employee stock purchase plans. myStockOptions.com is run by leading experts in equity compensation. Its content is created by a company with a long history of successful multimedia publications explaining complex legal and financial subjects in plain English.

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.