RSU are additional compensation given to employees in the form of company stock. What do you do with them? How are they taxed? Watch to find out. 📈 LIMITED TIME: Get 2 free stocks from WeBull (worth up to $1850!): https://act.webull.com/invite/share.html?inviteCode=kc8kx53NV6EK 👉 Invest with Robinhood for a free stock: https://join.robinhood.com/arjunv26 💸 Get $10 in crypto with Coinbase: https://www.coinbase.com/join/varma_r74 ✦ Get $20 with Rakuten cashback: https://www.rakuten.com/r/AWESOM2664?eeid=28187 It’s called “restricted” because you don’t actually own these stocks as soon as it is offered to you. There is a grant date when the shares are promised to you and a vesting date when you actually own the shares. There is also a vesting schedule that determines the length and frequency of vesting. So do you hold or cash out your RSU? If you hold a sizable percentage of your own company stock in your portfolio, it is a good idea to diversify into something like an index fund. You don’t want to put all your eggs into one basket as your salary is also dependent on the same company. Restricted Stock Units have different tax implications at each stage of the vesting process. When they vest, you will immediately owe income taxes and then may have to pay additional taxes based on when you sell. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ✅ Don’t forget to LIKE, SHARE AND SUBSCRIBE! 👉 Robinhood free stock: https://join.robinhood.com/arjunv26 ► Follow us on Instagram! https://www.instagram.com/financewitharjun/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 💰 Credit Cards that we use and love: 1) Earn $200 with Chase Freedom Unlimited https://www.referyourchasecard.com/18/3WMTSC9BWR 2) Get $50 with Discover https://refer.discover.com/s/ARJUN46 --------------------------- *** Personal Finance books I recommend: I Will Teach You to be Rich by Ramit Sethi: https://amzn.to/3aDJeTj Little Book of Common Sense Investing by Jack Bogle: https://amzn.to/37NeWfb Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/3nQ4VDp The Intelligent Investor by Benjamin Graham: https://amzn.to/3mHzyK1 The Millionaire Next Door by Thomas Stanley: https://amzn.to/2KPES0w DISCLAIMER: The advice provided in this video is for informational/entertainment purposes only. The creators take no responsibility for any actions or decisions you may take based on the contents of the video. Please consult a professional for strategies related to your specific needs. DISCLOSURE: Some of the links in this description are promo links, meaning that I may receive a small commission when you sign up for these services. ----------------- ABOUT US: We want to share our stories and talk about lessons learned while first moving to America, planning our journey to financial literacy, and adopting best practices into our lives. As internationals, it was difficult to find relevant resources to understand the aspects of life that were different in a new country. Some of us come from places that treat the path to success as a "competition" and as a result, we shy away from having open conversations about money. This channel is a comfortable space to have those discussions and help each other out! Music: https://www.bensound.com #restrictedstockunits #rsu #rsutax

• published: 05 Jul 2020
• views: 21549