Row 6474

Row ID: 6474 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 6474 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

My wife has worked for a large corporation for many years and has a decent amount of this company's stock. Initially the company was matching what she invested up to a certain point, but are no longer matching. I've stopped the automatic purchase of these shares so we can just buy the entire market instead, but my problem is what to do with the other shares. We've got around $60k worth of this singular stock at a 160% total gain. and of course if we sell, there's tax implications as a result of that.

I've not done the math but I figure if we sold all of it, we're looking roughly a $10k tax bill. If I sell and then hold $10k out to cover the taxes, that puts us a little behind the eight ball with getting caught back up. We'd have to invest the remaining $50k back in the S&P (for argument sake) and if we get an average rate of return of 10%, then it's going to take two years to get back to where we were before we sold.

I feel like selling is the correct move because we hopefully won't need this money until retirement and even then it's likely to be just extra given my pension and other investments but I can't get over the possibility (assuming the market continues trending upward) of a couple years or longer to get back to even.

What would you do?

FieldValue
text My wife has worked for a large corporation for many years and has a decent amount of this company's stock. Initially the company was matching what she invested up to a certain point, but are no longer matching. I've stopped the automatic purchase of these shares so we can just buy the entire market instead, but my problem is what to do with the other shares. We've got around $60k worth of this singular stock at a 160% total gain. and of course if we sell, there's tax implications as a result of …
label r/investing
dataType post
communityName r/investing
datetime 2024-05-10
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Raw Record

{
  "text": "My wife has worked for a large corporation for many years and has a decent amount of this company's stock. Initially the company was matching what she invested up to a certain point, but are no longer matching. I've stopped the automatic purchase of these shares so we can just buy the entire market instead, but my problem is what to do with the other shares. We've got around $60k worth of this singular stock at a 160% total gain. and of course if we sell, there's tax implications as a result of that.\n\nI've not done the math but I figure if we sold all of it, we're looking roughly a $10k tax bill. If I sell and then hold $10k out to cover the taxes, that puts us a little behind the eight ball with getting caught back up. We'd have to invest the remaining $50k back in the S&P (for argument sake) and if we get an average rate of return of 10%, then it's going to take two years to get back to where we were before we sold. \n\nI feel like selling is the correct move because we hopefully won't need this money until retirement and even then it's likely to be just extra given my pension and other investments but I can't get over the possibility (assuming the market continues trending upward) of a couple years or longer to get back to even.\n\nWhat would you do?",
  "label": "r/investing",
  "dataType": "post",
  "communityName": "r/investing",
  "datetime": "2024-05-10",
  "username_encoded": "Z0FBQUFBQm5LakwyZUlqdE51dC10djhERnU5VVcySTAyMHFNcVB5YmlGUVBIUTBmMlpTTlRTVEdhZG9MX2M2ZnAyUjFVTkFveVlvdEkxR2IwOTNhUE9POXlOVzRORWZpblE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9HcTZ6X05kLThiallzM25NVjNjOTM5OFBBVkVHcXdwdzdQcjFSOFdsY2Zya1NUck5EVmhIbnJ3M0poV2IwOFB2NkJLSVZsVTBNcTljS2NOMi1NbWJEQ3ZXbUd1cVVTSy1Lc1UwMXhaMXo3d3p3aXRsWUpWWC1YMEZDc040TlhiSFludmVmeklNNGFOYXlIS3dVcFFwUElwaVA5Wjl6d2hFdjRERWw1TEw3Ni1QTzc1UzBqdWxEMkdnUGNhRGt1dHpvRGZpb1U5WkFJZXFYNFgzTXFpOFVsUT09"
}
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