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Old 10-03-2016, 07:29 AM   #21
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Originally Posted by RetireAge50 View Post
Why not just let them continue to be reinvested and then just withdraw as needed (but selling shares)?
One reason I take my dividends in cash instead of reinvesting them then selling shares to raise the equivalent cash is it makes my tax forms a lot easier. One year, I made no sales of shares and was able to avoid filing a Schedule D altogether. So far this year I have made no sales of shares so if I can keep that up I will again avoid filing Schedule D and Form 8949.
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
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Old 10-03-2016, 07:34 AM   #22
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One reason I take my dividends in cash instead of reinvesting them then selling shares to raise the equivalent cash is it makes my tax forms a lot easier. One year, I made no sales of shares and was able to avoid filing a Schedule D altogether. So far this year I have made no sales of shares so if I can keep that up I will again avoid filing Schedule D and Form 8949.

Makes sense. Thanks.
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