As a fiduciary financial advisor in Burlington, Holland Capital helps longtime Labcorp employees decide how much company stock to keep as retirement gets closer, including any Fortrea shares from the 2023 spin-off. We work with clients in Burlington by video and phone, and meet in person by appointment at the Regus office in downtown Burlington.
Years of company stock. One retirement date.
Burlington has about 60,000 people, and Labcorp is headquartered here. About 29% of the city’s workers are in education or health care.
If you have worked at Labcorp for a long time, you may have bought shares through the employee stock purchase plan year after year. If you held Labcorp shares through the 2023 Fortrea spin-off, you may have received Fortrea shares. Together, they can become a large part of what you own.
How Much Company Stock Is Too Much?
Your paycheck and workplace benefits depend on Labcorp, while Labcorp and Fortrea shares can still make up a large part of your wealth.
There is no single right number. The plan looks at how much of your net worth is in Labcorp and Fortrea, what you need from savings in the first years of retirement, and how much a fall in either stock would change your retirement date.
Taxes When You Sell
The tax treatment of shares from the employee stock purchase plan depends on when you bought and sold them. Part of the result may be ordinary income and part may be a capital gain or loss.
After the spin-off, your original cost basis was split between your Labcorp and Fortrea shares. Getting those numbers right matters before you sell. For more detail, see our guide to concentrated stock and capital gains.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
A Gradual Plan to Diversify
Selling appreciated shares all at once can create a large taxable gain in one year. Selling over time may spread that gain across several years. Giving appreciated shares to charity is another option if you already give.
The years after work ends may create chances to sell shares when your other taxable income is lower.
At Holland Capital, investment management brings your 401(k), shares and savings into one portfolio.
How We Work with Clients in Burlington
Holland Capital Management is an independent registered investment adviser and a fiduciary. M. Chad Holland, CFA, CFP® works directly with clients and is responsible for the planning and advice.
Bring your stock purchase plan statements, your brokerage statements showing Labcorp and Fortrea shares, your 401(k) statement and your most recent tax return.
You get a written plan: how much company stock to keep, the order and timing of sales, the expected taxes and when you can retire.
The first conversation is free. If there is work worth doing after that, we will define the scope and cost before you decide whether to move forward.
Holland Capital is based in Charlotte. If you are looking for a fiduciary financial advisor in Burlington, we meet by appointment at the Regus office at 500 South Main Street in downtown Burlington, and handle shorter check-ins by video or phone. Holland Capital does not maintain a branch office in Burlington.
We work with clients throughout North Carolina. You can see the other North Carolina communities we serve here.
Our what we do page explains how a planning engagement works.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Frequently Asked Questions
Do I Need to Sell All My Labcorp Shares Before Retiring?
Not necessarily all of it. The answer depends on how much you hold, your cost basis and what you need for income. The choices fall between keeping everything and selling everything.
Why Use a Fiduciary Financial Advisor for Company Stock?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. For Labcorp and Fortrea shares, that means advice on concentration, taxes and timing together.
We put our fee in writing up front.
Where Do Burlington Clients Meet with Us?
At the Regus office in downtown Burlington, by appointment.
Other conversations take place by video or phone.
Photo: Nyttend / Wikimedia Commons / Public domain, cropped.
