What are your thoughts on Employee Stock Purchase Plans?
Thoughts? My company in particular offers us a 15% discount as part of our ESPP. But you do need to hold onto it for an extra year to avoid tax penalties on the money.
Do you always participate in your ESPP, even if just putting in the minimum amount? Do you max out your company match 401k and Roth IRA contributions first? Do you take into consideration your long term goals with the company (i.e. do you plan to stay there for several years?)
Personally, I put in the minimum because some coworkers convinced me to even though I thought perhaps I should up my 401k contribution because I don't yet meet my employer's match - I instead elect to pay more on my student loans each month.
I'm stuck in it for this year but it won't add up to all that much. Just curious to see how other folks diversify money between retirement, personal savings, and other investments.