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ESOP buy out and tax/penalty liability
Expired
Thread created 06-08-2011 by .mike.
0 Score 2 Replies 3,536 Views
Post #40187003 added 06-08-2011 12:11 PM by lipagold in Archived Deals
Here is what I would do: 1. open a solo 401k under my own name (make sure the plan has a loan provision), 2. roll-over the proceeds from the ESOP and the defined contribution plan from the old...
ESOP buy out and tax/penalty liability
Expired
Thread created 06-08-2011 by .mike.
0 Score 2 Replies 3,536 Views
Post #40184963 added 06-08-2011 10:51 AM by .mike. in Archived Deals
6 years ago I joined a company that as part of it's compensation package, offered an additional 10% of my salary in tax deferred employee stock (basically I get 100% salary plus 10% of that in...

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