TromboneAl
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 30, 2006
- Messages
- 12,880
What do you think of this idea:
I have a good amount of money in my VG S&P 500 fund in my taxable accounts. At some point over the next few years, I will need to sell some of that for living expenses. I will simultaneously buy the same amount of a similar stock fund in my IRA accounts. Thus, there will be no consequences related to the current state of the market, since I will sell and buy on the same day. That is, there's no change in my market allocation.
But as far as tax consequences, I was thinking it might make sense to do this now, while the market is down. That is, I might realize less of a gain doing this now.
Thoughts?
I have a good amount of money in my VG S&P 500 fund in my taxable accounts. At some point over the next few years, I will need to sell some of that for living expenses. I will simultaneously buy the same amount of a similar stock fund in my IRA accounts. Thus, there will be no consequences related to the current state of the market, since I will sell and buy on the same day. That is, there's no change in my market allocation.
But as far as tax consequences, I was thinking it might make sense to do this now, while the market is down. That is, I might realize less of a gain doing this now.
Thoughts?