Press Release

Year-End Content At myStockOptions.com Helps Employees With Stock Compensation Plan In Uneven Markets And Economic Uncertainty

Issued by myStockOptions.com

Nov. 28, 2023

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 2023, year-end financial and tax planning can be tricky because of uneven stock markets, sudden volatility, 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 2023 and the start of 2024. 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," observes Bruce Brumberg, the Editor-in-Chief of myStockOptions.com. "Uneven stock markets, spikes of volatility, and economic uncertainty make the need for expert guidance even more important."

Timely year-end guidance is particularly crucial for people who are considering option exercises or stock sales at the end of 2023. "Employees with equity grants and company shares should be aware of the 2023 and 2024 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 2024 and beyond, they may want to defer deductions into the future and accelerate income into 2023."

Employees who tax-loss-harvest by selling company stock that has declined while they hold it must 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 at a loss 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." Employees and executives must also avoid insider trading, such as selling company stock when they know material nonpublic information.

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 2023 Financial & Tax Planning For Equity Comp
• Nov. 30 (1pm–2:40pm ET, 10am–11:40am PT)
• 2.0 CE credits for CFP, CPE for CPAs (live webinar only), EA (live webinar only), CPWA/CIMA, CEP/ECA; 1.5 CE credits for CFAs (self-determined)

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 year-end planning for equity comp in both public and private companies. Panelists:

• John P. Barringer (CFP®), Managing Partner, Executive Wealth Planning
• Rebecca Conner (CFP®, CPA/PFS™, RLP), 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 to stream immediately 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, infographics, 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.