Skip to main content
No. of Recommendations: 8
...what if I'm wrong and cash out when the market actually continues up (or at least levels), but also with the major tax consequences in cashing out large figures in taxable accounts.

Not really. Long term cap gains are 15%, which is likely below your income tax rate.

I know people stress about taxes, but you're only paying taxes on gains (and income). So you're still ahead because you have gains and/or income. Other than setting aside some cash to cover taxes if I make a large sale, I don't sweat paying taxes. I'm much more concerned if I have a capital loss because that means I lost money.

1poorguy
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.