Do you have an exit strategy for your business or career? Whether you are a corporate executive or a business owner, there will come a time when you want, or need, to transition to the next phase of life. Done in advance, this can be an optimistic process, it should define how YOU want to exit. As the plan develops, there will be reality checks and alternative paths to consider, but at this point it should be a framework of how you want the future to look. If not done in advance, it will be reactive and prone to unnecessary doubt and anxiety at an already stressful time.
Do you work for an employer that granted you restricted stock units (RSUs)?
Many successful executives are enrolled in their employer’s traditional 401(k) plan and their deferred compensation (“deferred comp”) plan.
ESPP – While the acronym and the spelled-out version – employee stock purchase plan – don’t sound particularly exciting, the financial rewards can be. That’s because, under most circumstances, people whose employers (publicly-traded companies) offer an ESPP can profit by using this benefit strategically.
