Leaving ExxonMobil? 4 Strategies to Deal with XOM Stock in Your 401(k)
Investec Wealth Strategies
English - June 01, 2020 14:00 - 9 minutes - 6.63 MBInvesting Business Education finance financial planning wealth management investment retirement estate planning tax strategies financial planner retirement planning investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Many ExxonMobil employees have a lot of company stock in their 401(k). The price is at levels not seen since the early 2000s. Ouch! As some employees think about retiring, we offer four strategies for dealing with XOM stock in the ExxonMobil Savings Plan.
This is the audio version of a blog posted on our website (investecwealth.com) on June 1, 2020. The blog post itself can be found here.
Disclaimer: The information provided here is general and intended as educational in nature. It is not intended nor should it be considered as tax, accounting, or legal advice. Investec Wealth Strategies and its advisors do not provide tax, accounting, or legal advice. We recommend you seek the counsel of your attorney, accountant or other qualified tax advisor concerning your situation. Information about the ExxonMobil Savings Plan is believed to be accurate, but no guarantees can be made, as Plan details are subject to change by the Plan sponsor. The author is not an employee of ExxonMobil and his views are his own.