LuckyRugger
Confused about dryer sheets
I've been reading many post and messages on this forum for sometime now and enjoy most of them. I believe my wife and I are doing a good job in saving for your early retirement.
My wife has a ESOPP, Employee Stock Option Purchase Plan, where she can purchase up-to 10% of her base salary of her company stock at a discounted price. Late last year we decided to purchase all 10% because the discount (locked-in price) was good. Now, I'm not sure what I should do. Her company takes out of her pay check from Mar-Oct, to fund an account and once 100% of the funds are there they will purchase the stocks. We have an option to cancel or fund it externally from her bi-weekly pay.
My question is, should I fund it so we can purchase the stock now since the stock price is about 70-75% higher than her discounted price with money we have in our emergency/savings account? Once the transaction is complete I would sell a majority of the stocks and put the money back into our emergency/savings account.
What type of tax will we see on the gains if we sell right away?
My wife has a ESOPP, Employee Stock Option Purchase Plan, where she can purchase up-to 10% of her base salary of her company stock at a discounted price. Late last year we decided to purchase all 10% because the discount (locked-in price) was good. Now, I'm not sure what I should do. Her company takes out of her pay check from Mar-Oct, to fund an account and once 100% of the funds are there they will purchase the stocks. We have an option to cancel or fund it externally from her bi-weekly pay.
My question is, should I fund it so we can purchase the stock now since the stock price is about 70-75% higher than her discounted price with money we have in our emergency/savings account? Once the transaction is complete I would sell a majority of the stocks and put the money back into our emergency/savings account.
What type of tax will we see on the gains if we sell right away?