Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Year -End Stock Sales


Senior Member

Status: Offline
Posts: 187
Date:
Year -End Stock Sales
Permalink  
 


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.



__________________

 

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

 

Bob



Member

Status: Offline
Posts: 10
Date:
Permalink  
 

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

__________________

You gotta be tough to get old!



Senior Member

Status: Offline
Posts: 187
Date:
Permalink  
 

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.

__________________

 

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

 

Bob

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.



Create your own FREE Forum
Report Abuse
Powered by ActiveBoard