cbo111
Full time employment: Posting here.
- Joined
- May 20, 2014
- Messages
- 979
I received an email from my Vanguard friends encouraging me to log in and select "MinTax" method for future withdrawals. "Our enhanced cost basis method—"MinTax"—may help you save on taxes when you sell shares, by attempting to sell lots with losses before lots with taxable gains."
Since starting with Vanguard about 8 years ago, we have been in the accumulation phase and to date, have never withdrawn anything, so I am unclear if this MinTax method is advisable. Is there a downside to this?
Since starting with Vanguard about 8 years ago, we have been in the accumulation phase and to date, have never withdrawn anything, so I am unclear if this MinTax method is advisable. Is there a downside to this?