My dad wants to liquidate the stocks he has that are provided by Union Pacific Railroad. He wants my help. Where do I start?
2006-06-30 12:53:45 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
It's a bit unclear how your father came by the stock. Assuming he retired from the RR and wants to liquidate his shares than simply call the RR retirement plan custodian and ask them to liquidate and distribute proceeds. They may not want to do that and you'll have to roll the shares into a Discount Brokerage House IRA prior to selling and taking a distribution.
If you father came by the shares through consultinig or being employed--special incentive than they may/might be restricted and you'd have to check with the RR's Treasurer to find out what those restrictions are/may be prior to liquidating. Regardless, be aware of the tax consequences of a sale.
2006-06-30 13:08:56 · answer #1 · answered by thebigm57 7 · 0⤊ 0⤋
You call the broker where the acount is held and place an order to sell. If you are not in a hurry. Put a strike price too. Like if the stock is at 31.5, maybe put the order to sell at 32. You make a few bucks that way. Good luck. Then they sell it and you request a check.
2006-06-30 12:56:52 · answer #2 · answered by kurticus1024 7 · 0⤊ 0⤋
Open a brokerage account at TD Ameritrade and they will help you
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2006-06-30 15:32:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Place stock on rail.
Wait for train.
2006-06-30 12:56:29 · answer #4 · answered by opjames 4 · 0⤊ 0⤋