Quote:
Originally Posted by Holladay
Understood. She is going 5% 401k, 5% stock purchase. She went with the non 423 thus is like a regular acct with no tax shelter. I think she will change that to the qualified version.
When I read the 25 page legalize document, it seems to be at least a year to sell. Seems about right, thus incurring only LT cap gains. Guessing some sort of penalty if sold before one year.
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Makes sense. It would be a hell of a racket otherwise.