It sounds like the shares are currently held in a Taxable account and not a tax deferred account. Is that correct?
Does your 401k offer a mega backdoor Roth? If yes, will/have you/your employer contributed up to the IRS limit (2024 - lesser of eligible compensation and $69,000)?
As the single stock value is 18% of your portfolio, selling makes sense to de-risk. Depending on your AGI (including the capital gain), the gain may also be subject to 3.8% NIIT.Selling $55k/year will add $8,250/year in taxes ($55k * 15%), but spreads out the sale across 3 years. …
Have you maxed out your 401k and Roth IRA space?… Where to put it? ... The best place I know is my Vanguard taxable brokerage account …
Does your 401k offer a mega backdoor Roth? If yes, will/have you/your employer contributed up to the IRS limit (2024 - lesser of eligible compensation and $69,000)?
Statistics: Posted by HomeStretch — Wed Jan 17, 2024 6:21 am — Replies 7 — Views 533