When your company is acquired and goes private, all the shareholders need to be bought out. You'll either get a cash buyout or if it was an acquisition for shares of stock, you will get those shares traded for shares in the new company. That may create a taxable event. Once you're clear about what's going to happen to your shares, you want to meet with your tax advisor or work through your tax software to model exactly what the implications are going to be for you tax-wise.
#425: Ellen’s dad died unexpectedly. Her mom is clueless about finances. How does she help a 70-year-old unravel financial complexities?
Mike has an opportunity to buy into his friend’s growing business. What should be his legal, financial, and relationship considerations?
Pepp wants to know what’ll happen to her Restricted Stock Units when her company goes private.
An anonymous caller needs to build her nest egg. She’ll be a full-time student with no income. She has 20 years until retirement. Should she execute a Roth conversion?
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode425
Learn more about your ad choices. Visit podcastchoices.com/adchoices