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.
Thanks - Brenda
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.
Thanks - Brenda