Bob's not my name wrote:It depends on how the numbers look in two years, but you may want to use traditional 401k contributions to reduce your taxable income into the 15% bracket, with headroom, and then use the headroom to sell appreciated assets at 0% LTCG rate (and also absorb any qualified dividends thrown off by the investments, as these are also taxed at 0% in the 15% bracket).
My question is, should I move this into my 401k/Roth IRA over time? I currently max my IRA annually, but only use 6000/17500 of my 401k allowance.
paid off condo (170,000)
CptnNdx wrote:My grandma left me $100,000 that is currently in a taxable account at vanguard invested 70%/30% between total stock mkt index admiral/total intl index admiral. The account is held in title of my grandma's irrevocable trust of which I am 100% beneficiary and recieve at 30 (in 2 years.)
I will recieve this money in 2 years, and I'm wondering what the best way to handle it would be. Sell the funds, and max my 401k/ROTH over the next 5-8 years using the proceeds for living expenses?
CptnNdx wrote:I currently max my IRA annually, but only use 6000/17500 of my 401k allowance.
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