Seeking Financial Advice

[kap]

My S/O owns 4 shares $50 per share of Sears common stock certificates. Now that Kmart has bought Sears, she has been informed to either get the cash payment through an "voluntary" Program, an exchange agent ComputerShare Trust Company/Georgeson Securities Corporation for a fee of $5 per share, or "other available means, which may not be more economical for you, such as through an exchange agent, ComputerShare, eventually the cash payment may be turned over to state authorities under the abandoned property laws ..." Can we somehow transfer this directly to her UCLA investment account? As one can see neither of us is well versed in investments as we always leave it to our employers and contribute accordingly. TiA for any helpful advice.

[cbelt3]

At a net of $200, the exchange agent is the easiest and fastest way. If you worked with a broker and had a mojo account they might do it for very little, but any other approach is gonna run you too much. Just take the cap gains.

[kap]

cbelt3,
ok. That we'll do then. Thanks! Now what should we do with the remainder? Love to own APPL stocks but it's unaffordable now.

[M A V I C]

Nice they at least informed you. I had a 401k from a job when I was in my early 20's. I put a fair chunk in and my employer was supposed to fully match it at the end of a few years (even though I had left.) So I left it all there and didn't transfer it.

It kept dropping in value, but figuring I had another 40+ years to go, I might as well just let it sit. It dropped to a fraction of its original value and the broker cut me a check before my employer matched it. They said they notified me but I never saw anything about that.

[kap]

We both worked for UCLA campus for a long while. After the lay-off we decided to leave our investments there trusting in the worldwide known university. I meant there is the well-respected Andersen School of Business