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AMAC Forum -> Budget & Savings -> Year -End Stock Sales
Post Info TOPIC: Year -End Stock Sales
stockman


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Year -End Stock Sales
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Is anyone here planning to sell any stock to avoid the inevitable capital gains tax increase of this adminstration that will most likely come next year?

 

I am planning on selling a few stocks so I can fund our 2013 Roth IRA's. We need to get as much money as we can into our roths before my wife retires and we no longer can do it.



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lonfu


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Sell as many of your ira's as possible before you start collecting ss, it will reduce your tax rate.

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stockman


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Good point lonfu.

That extra income from selling an IRA will probably put you in a higher tax bracket, thus making a greater proportion of you SS taxable.

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...IF it were possible for Muslims to co-exist with others, there would be Christian Churches and Jewish Synagogues in Mecca.

 

Bob
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