Editor's note: This is the second article of a six-part series about financial planning related to employee stock ownership plans (ESOPs), with a focus on getting the right financial advice for you, strategies for diversifying and preparing for retirement. Part one is Why High-Net-Worth Families Need a Financial Quarterback to Protect Their Wealth.
Imagine you're 60 years old with $800,000 in your employee stock ownership plan (ESOP). Your company's stock has climbed 40% over the past three years. When you have the opportunity to diversify, you decide to wait. After all, why sell shares when they're performing so well?
