Part 2 of 3. Bret Keisling is joined again by Peter Newman, founder of Peak Wealth Planning, for our deepest dive ever on Diversification and Distributions.
ESOP plans allow participants to diversify, i.e., sell some of their shares back to the company, at various points prior to retirement. Peter describes various considerations, include taxes and total portfolio management, that may lead a participant to diversify or not. He also shares what participants should consider about post-employment life as they plan to use their ESOP distributions for a successful retirement.
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Episode 264 Show Notes
For the first part of our conversation with Peter Newman, check out The EsOp Podcast Episode 263: Peter Newman Part 1 - Successful Retirement Planning.
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You can easily request The Employee Owner's Guide to Diversification and Retirement Planning from Peak Wealth Planning here.
About Peter Newman
Peter Newman founded Peak Wealth Planning in 2014 to provide financial planning and investment management for individuals who built their wealth through ESOP participation, business ownership, or real estate investing. He helps families diversify their concentrated stock, reduce estate taxes, preserve wealth, and generate stable retirement income.
Peter holds the Chartered Financial Analyst designation, considered by many to be the gold standard for investment management. Prior to founding Peak Wealth, Peter spent two decades in Treasury Operations at the University of Illinois System where he managed capital financing, insurance programs, banking, agricultural properties, and $3 billion of combined operating and endowment investments.
In his free time, Peter enjoys vegetable gardening, biking, skiing, and home remodeling.
Learn more about Peter here and learn more about working with Peak Wealth Planning here.
We'd love to hear from you! You can find us on Facebook at EO Podcast Network and on Twitter [X] @EsOpPodcast. This podcast has been produced by Bret Keisling for the EO Podcast Network. Original music composed by Max Keisling. Branding and marketing by BitsyPlus Design.
Standard Disclaimer: The views expressed herein are my own and don't represent those of my own firms or the organizations to which I belong. Nothing in the podcast should be construed as guidance or advice of any kind in any field and the fact that I mentioned an organizational website or an advocate or a company on a podcast does not reflect an endorsement, but if you've heard your name or your group's name mentioned on this podcast, I'd love to have you come on and talk about it yourself.