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IRA questions...thoughts Due to TSLA going private

Discussion in 'Tesla, Inc.' started by Unpilot, Aug 14, 2018.

  1. Unpilot

    Unpilot Active Member

    Joined:
    Dec 2, 2017
    Messages:
    1,370
    Location:
    Illinois
    I thought I would just let my holdings in TSLA ride along and rise as most of us here thought the stock should.
    Then a couple of things happened. The big one of course is the whole going private and the uncertainty that folks like me with IRA styled funds would be able to stay. The second is that my company that uses Fidelity as the custodian of my 401K told Fidelity I needed to use my Roth funds in my self directed brokerage link (Fidelity's name for self directed 401k funds).

    So they split my brokerage link into to accounts the largest is using regular 401k funds in my self directed account. It has 722 shares of TSLA. The second self directed (Roth) fund and 22 shares of TSLA.

    My question is does it make sense to transfer the money from the larger to the smaller Roth and pay the tax penalty now to do this. The hope being that the tax hit will be much smaller overall IF TSLA rises as much as I expect.

    Thanks for any and all "an advice"
     
  2. goodjon24

    goodjon24 Member

    Joined:
    Jun 25, 2018
    Messages:
    10
    Location:
    Akron, OH
    I am also curious about how tax sheltered TSLA holdings like IRAs, 401ks etc, will be handled.
     

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