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william_mason64

My mom is retiring and needs help.

9 years ago

My mom is retiring soon and she doesn't exactly know how much she will end up with. She has stock that currently values about 108,000 and a 401k that values around 93,000. she has the option of selling her stock out right, or keeping it and drawing a dividend of about 500 every 3 months. She doesn't know how much she will actually get, because she knows that the government taxes this stuff but doesn't know the rates at which they tax it. She is 64 going on 65 soon. Any advice about how to handle this situation so she will be able to live and pay the bills and such will help. Thanks in advance.

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