Waiting till nearer the end of the year is not a problem with one small exception. If you intend to cover the taxes of this sale with estimated payments rather than withholding, doing it all in the last quarter will mean you have to do the form that people don't seem to like to show the extra income was actually in the last quarter. If you use estimated taxes, you might want to start paying now. If you use withholdiing, you might want to start selling some GOOG now and withholding taxes now. Then do a final sale in Nov/Dec when you know your W2 number better.Does it make sense to wait and do this closer to the end of year, so that I have a better idea of what my W2 will look like (e.g. from my pay stub)? Other ideas?
I've never sold a stock and do not know the details of whether you can withhold some of the gains for taxes or not. If you can, that would be good because withholding is considered timely no matter when it is done.
My personal preference is to put international into taxable. And the money will flow into your portfolio easier if you put international in taxable instead of 401 and Roth IRA (because those are both spaces with a strictly limited contribution amount)Given all of the above, with my 401k now being at 37%, I can theoretically cover the 30% bonds there, with room for international stocks. Then set up the rest of the international stocks in the Roths.
I'm not sure it makes sense for the 401k to be primarily bonds, and the Roths to be solely international, though, so open to thoughts/concerns/alternative ideas.
There is no problem with having the 401k being primarily bonds. In fact, it can end up being a good thing later on.
I think the portfolio will "work" better if you put 500 index in the extra space in the 401k. Put international into Roth IRAs and taxable (using different funds to avoid wash sales). That gives you an account to rebalance between stocks and bonds (in the 401k).
Statistics: Posted by retiredjg — Wed May 01, 2024 7:58 am — Replies 18 — Views 4169