Hi everyone- I've been a reader on this forum for quite some time and have been impressed with all of the excellent advice. After reading the Investment Order post, I made up my mind to open and max out a Roth IRA for 2017.
I was granted some RSUs from my job and today some of them vested. The way this happened was that automatically they sold enough of the shares to cover taxes and fees. The leftover balance is about $7,800, which is the money I'd like to use to cover the $5,500 for my Roth IRA. This leads me to my questions:
1. How much additional tax (if any) is going to be taken out when I withdraw this stock? The price when it was vested/released to me/part of it used to cover taxes was $53.23, and last trade today was $52.41.
2. How much tax do I need to pay when putting money INTO a Roth IRA? I couldn't find anywhere online that could give me an answer, all that websites said was that this is when I would be charged tax on the $.
Essentially, I want to figure out the exact amount of stock to take out (with selling taxes, if any, factored in) to fully fund the Roth (with taxes you pay on $ going into a Roth factored in). Please help!