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Re: ShoeGlue post# 442077

Friday, 12/11/2015 12:09:26 AM

Friday, December 11, 2015 12:09:26 AM

Post# of 729921
Here's a trick to pay a small tax bill 2015-2016 and NO Taxes when you retire. There are rules allowing for early retirement in equal pmts over your expected lifetime, or allowing early tax free withdrawls for certain reasons such as disability or first home/education/etc.

Many on this board have moved their stock to a Roth already.

Open a ROTH IRA and make the MAX contribution. Of course you will have to pay income tax now, but think about it. Would you rather pay tax on... for example $1000 now, or when the stock is worth 20x that amount later?

It's up to you. Contact etrade or your broker to set it up for you and verify rules with your tax professional first.

If you do not have a ROTH IRA you are doing yourself a disservice.
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