Apparently I am not moving my money out of high cost investments fast enough. I recently rolled over our IRAs to Vanguard and TRowe, and was planning to move our taxable accounts after the new year to delay taxes on gains, and because I expect to be in a lower tax bracket next year.
Last week I received notice from Suntrust that one of my funds was fully called, so my shares were sold and the money moved to my MM account. Now I have about 10k in unplanned gains, which is a lot for us, especially since we have no losers to offset it. Is this a common practice? I haven't heard of this before.
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Was the fund in question a CEF that liquidated?
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.