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Natalie Colley, Lead Advisor at Francis Financial, discusses selling employer stock in 2023 and avoiding steep tax penalties.

Those planning to liquidate a significant amount of employer stock this year will want to be aware of a little-discussed side effect of recent Fed rate hikes – steep tax penalties.

Having lived through significant drawdowns in 2022, and received a nice market bounce year to date, many employees are understandably eager to offload some concentrated company stock this year. Those looking to do so will want to work closely with their financial advisor and CPA to avoid a nasty surprise come tax time.

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