Hello everyone. First off, the obvious: I have truly appreciated and benefited from the collective wisdom contained on this blog. Thanks WCI.
I've since been following much of the advice I've read here (read the book) and am fixing up my financial house. I have a particular problem that I couldn't find specific advice on and was hoping for a few thoughts / ideas from the group.
I'm in another high income profession (Tech). My employer (MSFT) gives out annual stock awards. I've saved all of them I've been granted for quite a while (years) without thinking too much about them -- my rather thoughtless retirement plan (yes, I also have a reasonable diversified 401k as well).
My problem is that I have nearly $600k in unrealized gains in my taxable account concentrated in MSFT stock. All but about $30k is long term gains (@20%). In total, this one stock represents about 1/3 of my net worth.
I'll be attempting to diversify into my preferred asset allocation, but I wondered if anyone had any particular advice on the best way to do it -- timeframe, DCA, method, etc.
I was even looking into WealthFront's Selling Plan feature which does automatic DCA over time -- given the large capital gains, tax loss harvesting to cut down on the tax bill might be useful, but I have no idea how much harvesting would be reasonable to expect from a robo over what timeframe or if such a solution would even be worth the 0.25%.
Any advice is much appreciated.
I've since been following much of the advice I've read here (read the book) and am fixing up my financial house. I have a particular problem that I couldn't find specific advice on and was hoping for a few thoughts / ideas from the group.
I'm in another high income profession (Tech). My employer (MSFT) gives out annual stock awards. I've saved all of them I've been granted for quite a while (years) without thinking too much about them -- my rather thoughtless retirement plan (yes, I also have a reasonable diversified 401k as well).
My problem is that I have nearly $600k in unrealized gains in my taxable account concentrated in MSFT stock. All but about $30k is long term gains (@20%). In total, this one stock represents about 1/3 of my net worth.
I'll be attempting to diversify into my preferred asset allocation, but I wondered if anyone had any particular advice on the best way to do it -- timeframe, DCA, method, etc.
I was even looking into WealthFront's Selling Plan feature which does automatic DCA over time -- given the large capital gains, tax loss harvesting to cut down on the tax bill might be useful, but I have no idea how much harvesting would be reasonable to expect from a robo over what timeframe or if such a solution would even be worth the 0.25%.
Any advice is much appreciated.
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