401k help… XOM stock

Wait you can trade individual stocks in your 401k? I didn't know that was even a thing. Is it employer stock, you work for XOM?
Kinda wild you are timing market but don't even know tax implications. Hopefully you are more knowledgeable about oil And gas market swings.

Yeah, I’ve always hit pretty nice swings like during Covid. But I’ve never sold all of my shares and stopped buying XOM stock altogether until recently. I would just sell the shares I owned and continued buying at whatever price it was then. I may have misread something last night and it had me worried that there was potentially a tax implication when selling all of it.

I’ve seen several specs over the next year that have the floor set at 145. That’s a loss but not devastating. Ive been with the company for 28 years and was 100% stock in my 401k for the first 15. I’ve been 25% across the 4 options except common assets since then but that means 60% of my 401K is still stock so a big drop would cripple me. I want to go at 55 so liquidating everything right now is tempting.

ETA: what are the odds of a split? Last time it split was around $126 a share.

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60% of my 401K is still stock

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28 years and that high of a percentage would make me guess that you have 10,000 or so shares. That will be a pretty good dividend income to eventually add to social security to reduce what you pull from your 401K / lump sum when you retire. So let’s say $40K + $36K before you pull from your 401K / lump sum. It is something to consider.

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Unless he’s an employee of XOM then he has the possibility of NUA

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Great insight, might be able to save a lot of tax by paying lower capital gains rates instead of regular income tax rate if Net Unrealized Appreciation applies.

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Wait you can trade individual stocks in your 401k?

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i do all the time. but i have a solo401k and i am the trustee/plan admin so i can do what i want.

sounds like OP has no clue about tax implications of a 401k.