I have 14 shares of stock from a retirement plan. How do I sell them?

Question

Is this something I can do online?

Answer 1

14 shares is not enough to worry about unless they are Berkshire Hathaway shares....Leave em alone they may be a surprise to you someday....If you don't have or see the money, you won't miss it.

Answer 2

You don't need a financial advisor's help to sell your stocks, unless you want advice on whether that's a good idea.

If the stocks are still in that retirement account, you would sell them through the company that holds the account. At most places you can set up your account for online access, so you can buy, sell, and manage your account over the web.

Answer 3

The easist way would be to open an online discount brokerage account. I use ShareBuilder(but you could probably use etrade, scottrade,etc.), so this is how it would work:

-Open account *free
-Send in your share certificate to ShareBuilder *free... the retirement plan administrator would send it to you.
-Sell your shares at an appropriate time *approx $15
-Direct Deposit to your bank account *free

It would be much more expensive if you went to your local broker.

Answer 4

You can sell them via whatever firm administers your retirement plan. Give them a call and ask. Make sure you know what you have on your hands, though!

Answer 5

I wouldn't recommend selling your shares on-line, you should know their worth. A financial advisor will help you for a minimal fee. I know it's painful to have to pay money to get money but I'll bet it will save you bucks in the end.