No. of Recommendations: 0
Fellow fools,

A friend of mine just sold his company, and now has
$1m in stock (of the acquiring company). He is 42 years old, has about $150k in an existing 401K, $150K equity in his house, and little else in savings.

He is looking for advice on what to do with the $1m. His goal is to use the money as a basis for retirement.
He wants to retire at 50.

Everything from advice on tax planning, insurance, MUST-DO's!, and of course, investment advice.

Right now his plan is to sell the stock (he has held it for >18 months), and diversify into a combination of RP4 and other blue chips (like Disney, Cisco, Dell, etc).

Any advice is appreciated.

Eric
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