Bulk After tax contributions to 401k
Are you able to sell your company ESPP shares and then use the profits of the sale to max out your after tax contributions (after maxing out the Roth 401k of $19,500). If so what are the steps to do so, if not any other ideas on how to use the the ESPP in a retirement account?
Permalink Submitted by Alan - IRA critic on Thu, 2020-12-10 02:00
An ESPP is not a retirement plan and has no portability with qualified trusts. Therefore, the participant would probably have to sell the ESPP shares and simply use the proceeds to subsidize an increased payroll deduction for non Roth after tax contributions if the plan offers them.