Stock
Hi Terry
I have smuckers stock that has taken a hit in the past couple days. Would you suggest I cash it out and put it in a money market account. Will I get a penalty or be taxed on it even if I put it in a money market. I’m 72 years old and I’m not sure what to do or should I just wait it out
Thanks
Terry Says
I don’t give specific stock advice. That depends on how much pain you can stand. Will you “wait it out” or sell if it goes down more?
If you sell the stock you will pay capital gains taxes on any gain. And you should set aside tax money to pay it.
