Re: I cannot retire for another 15+ years so with SFOR in my 401k account.
First it's interesting that you were able to buy SFOR in a 401K. Your companies 401K Plan must have a Broker Window.. If so consider yourself Lucky as most 401K''s do not have a Broker Window.
I would open an Roth IRA Account and Roll Over as much of your 401K as you can afford to pay Taxes on in that year.
You have to pay Taxes on the amount you Roll Over in the year that you do the Roll Over.
You pay no Taxes on the gains in a Roth. Considering the Windfall of a SFOR PPS increase, this can save you a ton on taxes considering most SFOR shareholders have Millions of Shares.
Back in 2002, being frustrated that I could not invest in Individual Stocks in my 401K and missed oppertunities, I took a 401K loan for $50K and bought Physical Gold and Silver Bullion. I eventually retired early, just so I could Roll my 401K in to an IRA and Roth IRA.
This Board had a running discussion on the ROTH IRA about a Month ago.
A 401K has Sharks teeth, meaning it's hard to get access to your money, beyond a Loan from the 401K, unless you leave the Company, in which you would have a small window of opportunity to move your or take possession of your Hard Saved Money.
Ask yourself what your Taxes on $1M would be, and how much you would save having your SFOR investment in a ROTH IRA vs a Derfered Tax Account such as 401K or a Standard IRA..
First it's interesting that you were able to buy SFOR in a 401K. Your companies 401K Plan must have a Broker Window.. If so consider yourself Lucky as most 401K''s do not have a Broker Window.
I would open an Roth IRA Account and Roll Over as much of your 401K as you can afford to pay Taxes on in that year.
You have to pay Taxes on the amount you Roll Over in the year that you do the Roll Over.
You pay no Taxes on the gains in a Roth. Considering the Windfall of a SFOR PPS increase, this can save you a ton on taxes considering most SFOR shareholders have Millions of Shares.
Back in 2002, being frustrated that I could not invest in Individual Stocks in my 401K and missed oppertunities, I took a 401K loan for $50K and bought Physical Gold and Silver Bullion. I eventually retired early, just so I could Roll my 401K in to an IRA and Roth IRA.
This Board had a running discussion on the ROTH IRA about a Month ago.
A 401K has Sharks teeth, meaning it's hard to get access to your money, beyond a Loan from the 401K, unless you leave the Company, in which you would have a small window of opportunity to move your or take possession of your Hard Saved Money.
Ask yourself what your Taxes on $1M would be, and how much you would save having your SFOR investment in a ROTH IRA vs a Derfered Tax Account such as 401K or a Standard IRA..
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