ESOP – Privately Held Company Stock
I have a prospect who has approximately $2.5 million dollars in company (employee owned) stock . A large portion of that is held in an ESOP and some was also bought by the employee. There are no other investments within the ESOP. My thought is that we need to determine the basis of the shares before coming up with a plan for retirement (R/O IRA vs. taxable account). What things should be considered? Does this differ because it is privately owned and not a publicly traded company?
Permalink Submitted by Alan - IRA critic on Mon, 2022-07-18 16:47