Looking for some advice. I have around 55,000 dollars in McDonald’s stock that I’ve had in a taxable account since 2003. While the stock has done well I’m a little nervous about individual stocks. I was thinking of selling the stock and reinvesting in s and p index fund. My plan was to put 7k in this years Roth, 7k in next years Roth, and the rest in a brokerage account, withdrawing 7k in future years to put into a Roth. Is this a good plan? If I withdraw 7k in future years will I pay too much in taxes? Would I be better off having it sit in the bank until I can put it in a Roth so I don’t have to pay taxes twice. One when I sell the mcd stock and then again when I withdraw from brokerage account. Thanks for your input.
Statistics: Posted by Sodak — Sun Oct 20, 2024 10:56 pm — Replies 0 — Views 50