If you accumulate a significant amount of company stock over the course of your career, how can you maximize the value of those concentrated stock holdings when you retire? Noting that “Selling a concentrated stock position can take many years because of tax considerations or restrictions on selling”, the author of today’s article highlights one strategy to consider to generate extra income: using covered calls. For some pointers on this strategy, CLICK HERE.
While it may not be something you are eager to do amongst holiday festivities, the financial planners cited in today’s article believe “the end of the year is the perfect time to take a look at where you are when it comes to retirement and make adjustments.” So, assuming you are willing to set aside a couple of hours before January 1st in the interest of increasing your chances of a secure retirement, what do financial planners recommend you look at and what adjustments should you make? From making sure that company stock is not putting you at risk, to thinking of an unusual expense you should plan for, and more, CLICK HERE to find out.