u/Beginning_Jello_6330

Early 60s married couple here.  I’ve worked for a large public hard-drive/storage company for a long time and accumulated a lot of shares over the years.

After the recent run-up, the position is worth roughly $5M before taxes.

Before this run-up, we were mostly house-rich and was not sitting on a large portfolio. We have about $300k in 401ks, a home worth $2.3M with about $200k left on the mortgage, and three kids. Two are independent, one still lives at home.

I’m trying to think through the safest way to handle this. Almost all of our wealth is now tied to one stock.

For people who have dealt with a large concentrated stock position near retirement, how did you approach it?

55M/54F, one kid, Bay Area.

We recently crossed $8M investable, excluding 529. Total NW is around $11M including home equity.

The $8M is roughly $5M in taxable brokerage/cash and $3M in 401(k)/IRA/Roth. Primary home is worth about $3.5M with $400k left on the mortgage.

Annual spend is around $220k after tax, including healthcare.

We were already planning to retire within the next year or two. One of us was recently laid off, which made the timing easier. After running the numbers again, we decided this is the year to fully retire.

College is mostly funded, the mortgage is manageable, and we have enough cash/bonds to avoid selling heavily in a bad market.

Nothing fancy. We saved, stayed invested, and bought our house a long time ago.

Grateful and ready for the next phase.