If you have company shares via RSUs, stock options, or PSUs, you are probably wondering what to do with them. This is an incredibly important decision for your future and it can be overwhelming.
From Company Shares to Putting Cash in Your Pocket
You are thinking, “How do I turn my shares into as much money in my pocket as possible?” “How do I minimize my taxes?” That’s the end result, but the actions to accomplish this can be complex and intimidating.
So Many Considerations
Unfortunately, there’s not a straightforward solution. There are many factors to consider about your company, such as its health, the leadership, and how the company fits into the market. What does the future look like?
Furthermore, you have many personal items to consider. Some of these include your current cash needs, staying in your current tax bracket, and how much you are relying on your company shares for your financial needs.
Sometimes employees rely too much on their shares, and they stay in their job because they think that the shares will be worth a lot more money. They wait for that glorious day to cash out.
Unfortunately, there’s not a straightforward solution. There are many factors to consider about your company, such as its health, the leadership, and how the company fits into the market. What does the future look like?
Finding the Answer
There could be ten more things that are specific to your situation regarding your company ownership. Disappointingly, you can’t figure these out with a Google search. You can’t figure it out by reading this article either.
You make the big decisions in life by talking through the options with someone you trust. These choices take time and thought, and they may cause anxiety.
When you make an important decision about your health or your career you definitely won’t ask ChatGPT. You will talk these important items through with your doctor or your career coach.
Why not do the same with important decisions regarding your company shares and your finances? If you would like to speak with me you can set up a free consultation.