There are ways that you can access the value of your concentrated stock positions and avoid the huge tax bill.
In this episode, Malcolm Ethridge sits down with Anthony LoBalbo, regional manager with Schwab Bank, as they discuss the securities backed line of credit. Malcolm and Anthony discuss how it works and how you could be taking advantage of it yourself.
Anthony discusses:
- Situations when having an S Block makes sense
- The application process and how long it takes to have the line open and available
- How amount extended through the line is determined
- Interesting ways that this line of credit has been used in the past
- And more