And since I will need to do a large re-balancing in the next month (since I need to sell a large
amount in my taxable brokerage account to invest in the new small family business previously discussed) there is no better time to re-analyze my current portfolio of actively managed funds.
Not exact matches
I know myself and my situation well enough to understand that if I had invested the same
amount of money
in a
taxable brokerage account with more liquidity, I would have spent plenty of it on creature comforts that I don't need, and I would be worse off today for it.
Based on reading your site it looks like your were making six figures every year, at which point you probably maxed out 401 K plans, and then had an
amount equivalent to 2 — 3 times the 401K contribution left over to fund investments
in a
taxable brokerage account.
For example, when I sold a significant
amount from my
taxable brokerage account to invest
in a small business, I sold index funds
in a few lump sums over 6 or so weeks.
So long as our
taxable income (which
in retirement will be the
amount we convert from our Traditional IRA to our Roth IRA and dividends from our
taxable account if over and above our deductions and exemptions) is below that threshold, we can and will take advantage of the 0 % long term capital gains tax by selling our highly appreciated assets
in our
taxable brokerage account.
That savings
account can then be linked to automatically transfer set
amounts per month to a
brokerage IRA or
taxable account, where the money can be automatically or nearly automatically invested
in low - cost index stock funds.