Hello everybody. I am planning on opening a taxable account with Vanguard from the proceeds of my old house. I have always been in tax deferred accounts and only small cd's and savings accounts. I want to open a diversified 50/50 account and make 4% withdrawals to supplement my retirement income. My question is about capital gains tax. Is it true that any gains I have from growth or dividends will not be taxed for the duration of 2011 and 2012? I am currently in the 15% tax bracket.