No. of Recommendations: 0
I agree the income taxes due are potentially a problem. If the gain is large, you could end up paying 40% or so to fed, state and local income taxes. If the gain is small this may not be a big deal.

So do look into the tax situation carefully. If the bite is large consider taking the distribution in a series of partial payments over several years. And if you anticipate a lower income and/or tax rate some time in the future, taking most of it then can be attractive.

Still the recent gains in the stock market make some think maybe things have bottomed. If so, it can be a great time to put new funds into stocks. (Notwithstanding the fact that market timing is always risky.)
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