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Advice wanted on employee stock ownership plan
Posted on 4/9/14 at 9:02 pm
Posted on 4/9/14 at 9:02 pm
My company offers an ESOP with with a 15% discount on market price. I already max out my IRA and contribute to the 401(k). I want to make sure I keep my retirement funds diversified, but I feel like I'm missing out considering the discount. How much would be a good amount to contribute, if any? I'm considering 1%. The company is a very old, very large international engineering firm so a long term drop in the stock price would be fairly unlikely. Any advice would be appreciated. TIA.
5
Posted on 4/9/14 at 9:12 pm to Brummy
Umm as much as you can.. Free money dude. . No questions asked
This post was edited on 4/9/14 at 9:13 pm
Posted on 4/9/14 at 9:42 pm to Brummy
I'd jump all over a 15% discount
Posted on 4/9/14 at 9:44 pm to Brummy
15% is 15%.
What's the required holding period?
Just sell the shares after you pass that and move the $ to whatever you want.
What's the required holding period?
Just sell the shares after you pass that and move the $ to whatever you want.
Posted on 4/9/14 at 9:45 pm to Brummy
Buy the most you possibly can, it is a free 15% discount. Every six months or so sell whatever qualifies for long term capital gains tax, you are correct that you don't want too much riding on your employer.
I do this and the extra money goes a long way to maxing my Roth every year.
I do this and the extra money goes a long way to maxing my Roth every year.
Posted on 4/9/14 at 11:02 pm to Brummy
quote:
My company offers an ESOP with with a 15% discount on market price. I already max out my IRA and contribute to the 401(k). I want to make sure I keep my retirement funds diversified, but I feel like I'm missing out considering the discount. How much would be a good amount to contribute, if any? I'm considering 1%. The company is a very old, very large international engineering firm so a long term drop in the stock price would be fairly unlikely. Any advice would be appreciated. TIA.
Damn how many people on here work for CBI?
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