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I am looking for advice on how to invest my retirement stock holdings.

Recently, I received a large amount of stock in a mid-cap technology company traded on NASDAQ as part of the sale of a company I worked at. This stock holding is my retirement fund and I need to live off this investment. I am 51, married, 2 older children. I have a house, no debt other than a home mortgage, and 6-8 months of cash to live on.

What should I do at this time? How much and when should I sell and diversify? The stock is down 50% since I acquired it, but due to SEC restrictions, I have been unable to sell it until now. How much do I keep in cash or cash equivalents? How much (percentage) should I invest in Foolish stocks, like the Foolish Four, or Index funds?

My main question is: When and how much to sell of the single stock I have and how should the proceeds be allocated across various investment choices?


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