Money Matters
Xstatic3333
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
WWMMD-gifted stocks
When I was a baby, my grandfather gifted me about $2000 in a utility stock with my mom as a custodian. Now, at the age of 29, they are finally getting around to putting the stocks in my name only (we're close/I trust them, so the delay isn't an issue). They are worth around $5000-a conservative investment as-is.
Now the question is what I should do with them? The main options:
A) do nothing, pretend they don't exist and let them grow as an asset
My instinct-sell them when we're ready to buy a home to increase our DP, putting aside the capital gains tax amount
C) H's vote, do nothing, but knowing that they're there dip into our e-fund for closing costs when we buy (I will likely veto this but am throwing it out there to be fair)
D) Sell it, pay capital gains, use the rest to fully fund my 2013 Roth IRA.
I think D and A are the most practical, but there are non-MM reasons we need to save our DP as soon as we can. I really want to avoid doing an FHA loan, so the more we can get together quickly the better.
A wrinkle-my mom and I are very close and talk about almost everything. She is a strong proponent of A because this gift is the only thing her father gave to me before he passed away. We don't talk financial details now that I'm married, but if she finds out that other than A has happened, she'll be crushed (even by D).
I'm not considering using it for debt-I'm in the ok taking ten years for my SLs minority around here.
Alright ladies and gents, let me have it!
Now the question is what I should do with them? The main options:
A) do nothing, pretend they don't exist and let them grow as an asset
My instinct-sell them when we're ready to buy a home to increase our DP, putting aside the capital gains tax amountC) H's vote, do nothing, but knowing that they're there dip into our e-fund for closing costs when we buy (I will likely veto this but am throwing it out there to be fair)
D) Sell it, pay capital gains, use the rest to fully fund my 2013 Roth IRA.
I think D and A are the most practical, but there are non-MM reasons we need to save our DP as soon as we can. I really want to avoid doing an FHA loan, so the more we can get together quickly the better.
A wrinkle-my mom and I are very close and talk about almost everything. She is a strong proponent of A because this gift is the only thing her father gave to me before he passed away. We don't talk financial details now that I'm married, but if she finds out that other than A has happened, she'll be crushed (even by D).
I'm not considering using it for debt-I'm in the ok taking ten years for my SLs minority around here.
Alright ladies and gents, let me have it!
Re: WWMMD-gifted stocks