The WorryFree Retirement® Blog

How To Roll Your ESOP Into A WorryFree Retirement®

By June 5, 2018 No Comments


An ESOP (Employee Stock Ownership Plan) is one of the most ingenious ideas going.

Assuming you’re a participant in an ESOP, this is good news! However, like any retirement plan, an ESOP has buried within it something I refer to as the dreaded Tax Tumor®. What is a Tax Tumor® you ask? Basically, it’s all the taxes you will need to fork over to the government “when” you go to take the money from the ESOP and put it in your pocket. Uncle Sam’s portion of your hard-earned retirement savings.

While the ESOP is a wonderful way to SAVE for retirement by participating in the growth and success of your company. Taking the money out is when the mistakes are made. Employees are not required to pay taxes on the growth of the ESOP while they are still working. But, the minute you leave the company and gain access to this wonderful savings tool, you are faced with the daunting task of trying to figure out two things:

  1. Where to invest your ESOP for retirement.
  2. How to avoid excessive fees, penalties and taxes when withdrawing from your ESOP.

Tony Walker Financial can help! For more than 34 years, we’ve personally counseled and advised Savers on how best to use, enjoy and protect their retirement accounts, including ESOP’s. With our WorryFree  Retirement® Process, we’ve helped over 2500 Savers retire with guaranteed lifetime income – Mailbox Money®! With our proprietary income software, we can show you a FREE, personalized retirement income plan. No hypotheticals. No general examples. We will show you exactly how to turn your ESOP into retirement income you cannot outlive.

So, before you make any decisions on what to do with your ESOP at retirement OR the age of 59.5, please consider a no cost, no obligation consultation with Tony Walker Financial to see how to turn your ESOP into Mailbox Money®!

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Dial 1-877-499-9255 for your FREE ESOP Consultation.