With the stock price being high right now, I’m tempted to sell my RSUs. However, I expect my tax bill to be outrageous next year due to the severance payout. Also, I expect not to make a lot of money next year as I’m considering retirement.
Should I wait to sell until next year?
…after the next LR… 😜
Sell them wherever because it doesn't matter.
See the idiocy of asking for general advice on issues like this. I don't pay capital gains tax on share sales, so it doesn't matter. Your circumstances matter - see a professional.
You could also hold the stocks and use the dividends to fund your Roth or as a stream of income during retirement. Much of it depends on how many shares you’re holding. I agree with others here though - your situation is going to be individual and you should probably meet with an independent financial advisor.
Go talk to your financial advisor. The people on this board are not who you want advice from.
Sit on them till you see a repeat of what happened to Intel, and then panic sell at rock bottom.
Imho, sell just enough every year, to convert and fully fund your Roth IRA contribution amount; for that year.
Then within the Roth, set up an automatic purchase of the total stock market index fund; dollar cost average the purchase of the index fund, on a weekly basis.
I did the above for years while at Cisco (I sold my RSUs, each year, to fund the Roth). That money is now a good chunk of change and am very thankful for my time there. I felt it was better to pay a small amount of taxes each year in selling the RSUs, and then both never have to worry about the taxes on a big chunk of RSU; plus then convert to an index fund to get away from being invested into one stock.
Brokerages should really force sell RSUs on vest.
Yeah, because this is where all the good financial advisors moonlight.
RSUs are not going to add any more taxes unless you have 100k in capital gains. Which i can't imagine. So sell and reinvest in growth stocks
What percentage does of the sale goes to taxes?
Stupid is as stupid does. Nobody on this forum can tell you with any certainty if you should sell or not. That depends on your own financial situation and investment portfolio.
By not doing that, you are saying...I believe in this company and I will hold its stock....
Ok, you’ve convinced me to sell. 😊
Sure you will get hit with taxes, but...its FREE money!! I would always sell the day I could, never hesitating or playing what if it goes up....how much more will you realize if it goes up a dollar? I would take the money from the RSU and put into a short term CD that you can cash out in April when taxes are due. Then you don't have to worry about coming up with the $$ for the taxes. They never withhold enough when it sells, I learned that early on. But I say again...its money that you wouldn't have had, so cash it out!! By not doing that, you are saying...I believe in this company and I will hold its stock....