Where is the best place to transfer common stock inherited from spouse after death at age 64 w/little assets?
Answers: I'm sorry to hear about your loss.
I'd recommend calling up Vanguard and having them transfer then sell the stocks and let them suggest mutual funds for you... they can arrange for you to receive a monthly check from bond funds.
If the stocks are at a full service broker (ie big commissions) then you should transfer and let Vanguard sell the stocks - if they are at a cheap online broker you might consider just selling them and then writing a check to Vanguard to move the money in a timely fashion. It can take close to a month if you have to transfer the stocks.
Selling the stocks should be at the stepped up basis if you weren't on the account within a year of your spouses death.
The stepped up basis is important cause you don't want to have to pay taxes on stocks that have appreciated significantly. Your cost basis would start anew at the date of your spouses death. You will need to send a letter to whoever you sell the stocks through requesting you receive the stepped up basis from the date of death.
If you left out the detail that you are on the account as a Joint Owner then you're stuck and will have to pay taxes when selling the stock, so I hope they are long term gains.
Talk to a reliable broker (Siebert, for example, (a) $15 any size transaction) who will set up an account in the name of the verified owner. Provide necessary (copies) of documents he may require.. Do nothing until you have this brokerage account number and the broker's go-ahead. The broker will instruct you as how to endorse the shares or certificates over to the new account. When the account is secure, the new owner (you) will sell or buy as you instruct your broker (or have set up as an on-line acct.) Good luck.
Can you describe me how much 50 shares of stocks contained by Eastman/Kodak originally bought within 1962 would be worth Today?
No dividends have ever be paid if within were any due at anytime.I know the company have grown and merged many times since these stocks & bonds be bought.Any information would be greatly appreachiated.Thank You in credit..Also if I consider selling where should I supply them?Answers: It's correct that you need to know whether or not the stock have split and how many times. You also stipulation to know what happened to the dividends surrounded by all those years - where'd they attain paid out? Were they reinvested contained by the stock?
Ignoring the dividends:
50 shares bought in 1962 would be worth today:
450 shares (due to 4 stock splits, 2 2:1 2 3:2)
x 19.76 (today's closing price) = $8,892.
Also, if Eastman-Kodak spun sour any other companies, those would also have to be taken into story.
Eastman Kodak is the stock symbol EK on the New York Stock Exhchange.
It currently costs 19.76 per share, although there own probably been masses stock splits since then so it's thorny to say exactly how much yours are worth.
I can bring up to date you that at a minimum they will be worth $19.76 x the number of shares you have. Potentially double, triple, or more exponentially than that though.
Take them to an investment specialist at a ridge and they should be able to minister to you out. Hardly anyone has shares printed any more.
Contact a stock broker,
(like Charles Schwab)
EK has split four times since 1962, twice 2/1 and twice 3/2, so 50 shares bought surrounded by 1962 has turned into 450 shares very soon.
The dividend question is trickier; are you axiom, no dividends have be claimed? Since you don't seem to hold a brokerage account (otherwise, you would know where on earth to sell the shares), I'm guessing you enjoy a registered stock certificate. If to be exact the case, you should ring up investor relations at EK. They will be able to verify the dividends are unclaimed, and distribute them to you.
Its impossible to explain to
Kodak split from eastman chemical in 1993. They are still eastman/kodak. What did that do to the stock? Was at hand a sale? Was your stock bought at a price. Meaning if the majority of share holders said they pocket this stock at 17 dollars a share, did you turn it in?
How copious times was it split? It might be worth thousands or it might be worth nothing. You need a stock broker to find it. You give 1 year. They will need a sunshine.
Seriously, it might not be worth a damn thing. Or it might individual be worth want it split for or was bought out for. There be a vote in 1993. That be 15 years ago, what did they do with stock?
Shares are worth what the share is worth. Eastman/Kodak is around 20 bucks a share. Doesnt thing if you bought it 100 years ago or yesterday. Unless there be major splits, I dont find any. You shares are worth smaller quantity today then they be yesterday. You have around 980 bucks.
Just axiom
Blue chip stocks.?
i want to invest some money in blue chip company . so i can gross some money from divident and maybe fromthe shares. i am not looking to sort a lot of money merely some money on the side. some what would be a good company to put my money contained by. i am looking to put between $2000 and 5000.Answers: any company that deals next to food and drink.
pepsi
coke
mcdonalds
ge
proctor and gamble
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