Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Chipsboss Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19222  
Subject: Re: Retired, Now What? Date: 2/16/2000 10:29 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
for richamelia:

Most of your questions are too hard for me. I'll leave them for other people to answer. Here's one that's easy, however:

How do I calculate price of shares of stock for capital gains when I sell them?

Good news: You can trade as much as you like inside an IRA and no capital gains taxes are due, ever. For tax purposes, there is no such thing as a capital gain inside an IRA.

Bad news: Whenever you take money out of the IRA, it will be taxed as ordinary income, even if in fact it is results from capital gains.

Chips, who's sitting on a bunch of capital gains in his IRA and planning to pay a lot more than 20% tax on IRA distributions ten to twenty years from now.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement