448 | July Roundup: Working Backwards Into FI
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How to Make a Donation of Appreciated Stock
Ginger: One of the most surprising takeaways and this was a brilliant point by Sean was if you have appreciated stock, right? So he called this the problem of appreciated stock. He said when people move from financial advisor to some other institution, they ideally want to get out of their old expensive funds or individual stocks in some cases into low cost index funds. But what do I do with all those, all those unrealized gains? Ginger: There are two ways to do it; one is sell that share of stock for $1,000 but then don't pay capital gain tax at whatever your rate is. The second way is to donate an appreciated share worth $1,00 which
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