|  Need financial advice | 
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|  Need financial advice | 
|  Aug 9 2007, 11:39 AM 
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| Nothing says 'I love you.' like a box of Hydroshoks       Group: Moderators Posts: 5,284 Joined: 23-December 03 From: Granbury, TX Member No.: 4  | 
				I don't understand all I know about legalized money laundering, AKA rolling a 401K. Backstory ... I have been contributing to a 401K and receiveing a company match in stock at 60% for a while now ... maybe 20 years. My comapny is being bought and taken private. As I understand it, if the buyout is approved by the shareholders, my stock will be cashed out at the approved price and I will be issued a check. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/blink.gif) Taxes will be withheld (IMG:http://www.frrax.com/rrforum/style_emoticons/default/mad.gif) Help needed ... If I roll it into another approved option within the specified time frame, I can recoup the taxes next return. I understand that. But I want to avoid the tax thing altogether. I want to maintain that 28% of the fund in my retirement and continue it growing. I need some coaching on doing this as I don't understand all I know about it and time to educate myself is running out. Making a mistake or misunderstanding a small detail could have big financial ramifications. | 
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|  Aug 9 2007, 12:08 PM 
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| Nothing says 'I love you.' like a box of Hydroshoks       Group: Moderators Posts: 5,284 Joined: 23-December 03 From: Granbury, TX Member No.: 4  | 
				I appreciate your input. And have thought about that. But, how the hell do I find a "good one"? I have one shot at this and don't want to screw it up. I just checked, and the company match portion is 6 figures. So, it's a chunk ... | 
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 mitchntx   Need financial advice   Aug 9 2007, 11:39 AM
 mitchntx   Need financial advice   Aug 9 2007, 11:39 AM 
  Spooner   QUOTE (mitchntx @ Aug 9 2007, 05:39 AM) I...   Aug 9 2007, 11:49 AM
 Spooner   QUOTE (mitchntx @ Aug 9 2007, 05:39 AM) I...   Aug 9 2007, 11:49 AM 
  CrashTestDummy   Ask around locally.  They are out there.  Make sur...   Aug 9 2007, 12:39 PM
 CrashTestDummy   Ask around locally.  They are out there.  Make sur...   Aug 9 2007, 12:39 PM
 
  Glenn98ZM6   QUOTE (CrashTestDummy @ Aug 9 2007, 07:39...   Aug 9 2007, 01:11 PM
 Glenn98ZM6   QUOTE (CrashTestDummy @ Aug 9 2007, 07:39...   Aug 9 2007, 01:11 PM

 
  CrashTestDummy   QUOTE (Glenn98ZM6 @ Aug 9 2007, 08:11 AM)...   Aug 9 2007, 06:03 PM
 CrashTestDummy   QUOTE (Glenn98ZM6 @ Aug 9 2007, 08:11 AM)...   Aug 9 2007, 06:03 PM


 
  LT4Firehawk   QUOTE (CrashTestDummy @ Aug 9 2007, 01:03...   Aug 9 2007, 08:13 PM
 LT4Firehawk   QUOTE (CrashTestDummy @ Aug 9 2007, 01:03...   Aug 9 2007, 08:13 PM



 
  Glenn98ZM6   QUOTE (LT4Firehawk @ Aug 9 2007, 03:13 PM...   Aug 9 2007, 10:09 PM
 Glenn98ZM6   QUOTE (LT4Firehawk @ Aug 9 2007, 03:13 PM...   Aug 9 2007, 10:09 PM 
  mitchntx   Thanks, Gene. I have been asking around and sent a...   Aug 9 2007, 01:04 PM
 mitchntx   Thanks, Gene. I have been asking around and sent a...   Aug 9 2007, 01:04 PM 
  mitchntx   Or I could sponsor a race car ... who should I pic...   Aug 9 2007, 01:17 PM
 mitchntx   Or I could sponsor a race car ... who should I pic...   Aug 9 2007, 01:17 PM 
  AllZWay   I was going to say that you should have the option...   Aug 9 2007, 01:34 PM
 AllZWay   I was going to say that you should have the option...   Aug 9 2007, 01:34 PM 
  z28tt   Will the new "company" have a 401k? As l...   Aug 9 2007, 02:17 PM
 z28tt   Will the new "company" have a 401k? As l...   Aug 9 2007, 02:17 PM 
  Blainefab   I think others have covered it well, but ya, there...   Aug 9 2007, 02:44 PM
 Blainefab   I think others have covered it well, but ya, there...   Aug 9 2007, 02:44 PM
 
  mitchntx   QUOTE (Blainefab @ Aug 9 2007, 09:44 AM) ...   Aug 9 2007, 02:45 PM
 mitchntx   QUOTE (Blainefab @ Aug 9 2007, 09:44 AM) ...   Aug 9 2007, 02:45 PM 
  CMC #37   A good tax person is worth their weight in gold...   Aug 9 2007, 04:12 PM
 CMC #37   A good tax person is worth their weight in gold...   Aug 9 2007, 04:12 PM
 
  CrashTestDummy   QUOTE (CMC #37 @ Aug 9 2007, 11:12 AM) A ...   Aug 9 2007, 05:57 PM
 CrashTestDummy   QUOTE (CMC #37 @ Aug 9 2007, 11:12 AM) A ...   Aug 9 2007, 05:57 PM 
  CrashTestDummy   If you can roll it over to an IRA, there is a way ...   Aug 9 2007, 05:59 PM
 CrashTestDummy   If you can roll it over to an IRA, there is a way ...   Aug 9 2007, 05:59 PM 
  GR33N GoblinM6   call Fidelity.. they are #1 in the 401k market.. i...   Aug 9 2007, 06:12 PM
 GR33N GoblinM6   call Fidelity.. they are #1 in the 401k market.. i...   Aug 9 2007, 06:12 PM 
  mitchntx   Thanks everyone. Getting a lot of great info ...   Aug 9 2007, 06:45 PM
 mitchntx   Thanks everyone. Getting a lot of great info ...   Aug 9 2007, 06:45 PM 
  jeffburch   I have Chris Lyons' number.
jb   Aug 9 2007, 10:24 PM
 jeffburch   I have Chris Lyons' number.
jb   Aug 9 2007, 10:24 PM
 
  mitchntx   QUOTE (jeffburch @ Aug 9 2007, 05:24 PM) ...   Aug 10 2007, 01:12 AM
 mitchntx   QUOTE (jeffburch @ Aug 9 2007, 05:24 PM) ...   Aug 10 2007, 01:12 AM 
  KeithO   I just went through my 4th buyout in 12 years.  I ...   Aug 10 2007, 09:38 AM
 KeithO   I just went through my 4th buyout in 12 years.  I ...   Aug 10 2007, 09:38 AM|   | 
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