ESOP How Does It Benefit Me
I work for a company that offers an ESOP. After 3 years the overall valuation of my stock is 40k and I’m vested in 17k of it. However it is a 2nd 401k that under no circumstance I can pull anything out of until I am retired and I am currently 30. For now aside from “increasing my net worth” what benefit does this do for me financially?
My friend at Kiewit can pull out his stock at any time. Truthfully I just see this as a ploy for a company to invest back in itself and pretend that they are giving to the employees. Eventually I can become an ESOP millionaire maybe but this still doesn’t put money in my pocket now for my current bills and goals such as owning a home.