My father recently passed away and has left me P&G stock valued near $750,000.00.
P&G has an internal corporate policy that will not permit me to roll this money into a tax-deferred IRA of any sort. Basically, it must be cashed and I'm going to lose WAY MORE than I want to lose!
I've talked to an investment company who only cares about investing whatever I get out of the liquidation of the stock.
I *WANT* to be able to keep as much of this money as possible and, ideally, draw a monthly interest payment from it so that my wife can retire now. I don't have any idea WHO to consult...or where to turn!
It seems to me that SOMEBODY should know how to keep as much money as possible away from the big, bad IRS and let it work for me. I want to tax-defer as much as possible.
HELP!!
Mark
2007-11-08
05:08:13
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3 answers
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asked by
Mickey M
1