Set Your TV on December 3, 2017 For Sunday Morning Weekend Today in Central NY on NBC 3

An Industry Giant has fallen. What do you do as a shareholder of General Electric?

• There are a series of questions that you should ask that will help with your decision.

1. Do you need the income? GE may not increase the dividend for an extended period of time.
2. Do you have minimal or no cost basis? A low cost basis may subject you to significant taxes if the stock is sold.
3. What percentage of your portfolio is GE? Depending upon the percentage you may decide to sell a portion and reinvest the money.
4. Can you continue to hold the stock even if the price goes much lower?
5. Under certain circumstances a beneficiary may inherit your GE stock and receive a stepped up cost basis. The stepped up cost basis replaces the original cost of the stock. When an asset is passed on to a beneficiary there is a readjustment of the price. Typically it is higher then what the original owner paid.
6. If your stock has still appreciated it can be donated to charity and the owner can receive a tax deduction.