Q&A: What’s the difference between an ESOP and an ESPP?

The financial world is loaded with jargon. You’re dealing with company ownership with both an Employee Stock Ownership Plan (ESOP) or an Employee Stock Purchase Plan (ESPP). These plans were created with the intent to help employees create and build wealth, but ESOPs specifically can also provide benefits for business owners. We’ll break down the […]

Making the most of company stock in your 401(k)

401(k) plans are a great way to save money for retirement, but you have to manage it well! You are responsible for selecting investments and you will ultimately bear the brunt of your choices. Its critical you get it right! Many employers will put ‘guiderails’ on the plan by limiting investment choices to a selection […]