I’m 48 year old man making $110K in IT industry. I’m paying 22% to alimony and child support. I have about $10,000 in debt that is currently in an 18 month 0% program which I plan on transferring to another 0% program once it expires. I am making block payments each month for as much as I can afford. I also have about $15,000 in company stock in a program where I contribute each month. However the stock is purchased only every 6 months at a discounted 15% below the lower purchase price of either the 1st day of the 6 month period or the last day.
You actually need to speak with your tax consultant to determine the consequences of selling the stock.
My concern, however, is that you will be giving up a 15% discount (which in essence is a profit) to pay off debt which is at a lower rate. Based on that fact alone, I wouldn’t suggest it.
This thread has been closed. Have a financial question? Log in and ask our community!