Where to take money from [Purchasing a co-op, down payment]

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FlyHi
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Where to take money from [Purchasing a co-op, down payment]

Post by FlyHi » Wed Mar 27, 2013 7:08 pm

I am about to buy a co-op and will have to put 20% down. I would like to know which of the following 3 I should withdraw the money from:

1. CDs (I would have to cash in half of my CDs)
2. I Bonds
3. Mutual Funds.

Any advice would be appreciated.-
“If you want to feel rich, just count the things you have that money can't buy”

Johm221122
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Re: Where to take money from

Post by Johm221122 » Wed Mar 27, 2013 7:45 pm

Not enough information, but which is overweighted right now according to your desired AA and if you sell it will it cause large tax or pentaly. In other words which makes most sense right now to you
John

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FlyHi
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Re: Where to take money from [Purchasing a co-op, down payme

Post by FlyHi » Wed Mar 27, 2013 10:34 pm

Johm,

None of them are over balanced. I think the CDs & IBonds will have the smallest tax consequences.
“If you want to feel rich, just count the things you have that money can't buy”

Johm221122
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Re: Where to take money from [Purchasing a co-op, down payme

Post by Johm221122 » Thu Mar 28, 2013 7:50 am

CD's would seem better because I bonds would be a taxable event and you can keep that money away from taxes longer
John

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FlyHi
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Re: Where to take money from [Purchasing a co-op, down payme

Post by FlyHi » Fri Mar 29, 2013 4:11 pm

Thanks John, my thoughts exactly.
“If you want to feel rich, just count the things you have that money can't buy”

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