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Ep 6: My company just went through an IPO. Now what!?
Episode 623rd March 2021 • Financial Planning for Entrepreneurs and Tech Professionals • Mike Morton, CFP®, ChFC®
00:00:00 00:18:14

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A listener asked the following question:

"My company just went through an IPO.  

I have been working for a large technology company for the past 7 years.  I am 34 years old, single, and find myself in an entirely new situation. My stock is now worth over $4m dollars and I have no idea what exactly I should do next!  How do I think about this new wealth?  Do I sell some of my stock or all of it? What else should I be thinking about?  I’m still working at the same company but might leave soon to explore other opportunities or take some time off work.

Any suggestions or advice would be so helpful.  Thanks!"

Listen in as Julie and I discuss how to think about a windfall, including:

  • Congratulations! It takes a lot of hard work, sacrifice and some luck.
  • How do you navigate friends and family as you're suddenly a multimillionaire? Emotions are real.
  • How to think about $4m in a single stock portfolio.
  • How to handle taxes?
  • What do you really want to do and who do you really want to be?
  • Have a plan.

Resources:

Find out more about Mike at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/