My new company offers a FSA and ESPP.
FSA - $500 rollover, anything above $500 you lose, so I should do $10 a week? Tax free money for doctors copays etc. it’s small, but free money is worth while.
ESPP - 10% given on the dollar monthly. Example: $1.10 for every $1.00 invested in company stock. Not sure on holding time, if I am allowed to sell immediately, is it worth my while to max this out at $300 a week? Wouldn’t that be free money (after taxes obviously) or should I hold a year for LTCG tax? My buddy recommends not getting involved unless I want to go long term, but everywhere else I read says go for the free money.
I’m maxed for both my Roth 401k and Roth IRA this year and plan on doing so again next year. So these are just after thoughts at further maximizing company benefits.
Submitted December 28, 2018 at 07:14AM by pmo2408 http://bit.ly/2VmOuRk
