In retirement for income: If you have a stock/bond portfolio, and you make yearly 3 or 4%withdrawl from it - How do you go about doing this. Is there a stratagy to this withdrawl, or do you just sell the losers or those that you feel have run their course. I wish I didn't have to ask this. (I told you this was elementary)
How then are you taxed on what you cash out? (From profits, I know-but at what rate are you taxed) Is there a way to minimize your tax burden? You don't owe any taxes until you sell the stock. Is this correct?
How then are you taxed on what you cash out? (From profits, I know-but at what rate are you taxed) Is there a way to minimize your tax burden? You don't owe any taxes until you sell the stock. Is this correct?