Search results

@aldersgate I’m aware of the average, however too many take that as a what they can expect to get each year. OPs other issue as I’ve pointed out is all his investment is taxable either now or tax deferred. He needs a ROTH-type strategy as well to avoid future taxes and RMDs as well as a cash...

@aldersgate That assumes 1) you get 8% returns every year without fail which we know is not true. 2) you’re ignoring cap gains tax so that 2.4m is now 2mm at today’s tax rate who knows that taxes will be in the future? Max your Roth. Invest the rest - yes even into VTI - and take your gains if...

@laquacc Fair point. Missed that note. OP get a job like right now. Whatever you make between now and next year, tou can out that in a ROTH

@loreec This is a perfect time to sell and relize the gains. Because you are in a lower tax bracket, you are likely to pay 0% in Long-term capital gains taxes. Sell it. Keep a small portion if you are emotionally tied to it since it was from your grandparents (Its XOM for me!) Do it THIS YEAR...

@jilleighan7 Very first question: how is it getting to you? Is it just straight cash? Is it a gift or inheritance, is it stock or IRA... a lot more detail is needed.