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Take the Stock or let it ride. on Retirement?
I am retiring soon with this company and they will be giving me aproximately 9,000.00 in stock opionsion. If I cask out , I will be paying taxes now. If I wait when I am older then I will be paying at a lower rate. This is not a fast moving stock and they have been about since 1912. Go for the money or sit on the egg.
4 Answers
- 2 decades agoFavorite Answer
Sell the stock so you can diversify but keep it in a retirement account to avoid paying income taxes on it now. By the way, as more boomers retire income taxes will surely increase, so it is a falacy in planning that you will be taxed at a lower rate during retirement.
- 2 decades ago
If you can handle the gut-wrenching crash of the markets that is coming, then stay in it. Be careful that your options do not expire until after February 2007, otherwise you are going to get screwed big-time
The best thing to do, as was stated above, take the options cashed-out and move them into a separate retirement account, specifcally loaded with Canadian Bonds and Bond Funds, then wait. Pull your money out as you need it and pay your taxes as they go.
- Anonymous2 decades ago
If it's not a fast moving one, that means it's not a fast falling one either, so you're very unlikely to lose a major portion of your investment by the time you become eligible. So maybe cash out 15% of it right now, and 85% later?
