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Financial Planning / Tax Strategies


Subject:  Re: Retroactive changes to tax rates Date:  5/15/2021  6:35 AM
Author:  footsox Number:  132694 of 133015

Thanks for all the replies. So much great information! A little more about us - Yes, Married filing jointly, very little in IRA's. Yes, we have over $1MM in capital gains.

So, if we are trying to sell stocks every year, at about $60,000, to supplement our $40,000 in social security, you are telling me I will easily be within the 15%?

As for our estate - both kids are adults, 50's, both have great incomes and don't need any inheritance from us. We have tried many times to get them interested in the stock market, with no interest, so why would we leave our stock market gains to them. Interesting question, right? But thanks for the info on estate taxes as well. We might be more amicable down the road.

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