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Re: dgross post# 104077

Tuesday, 10/18/2016 7:26:34 PM

Tuesday, October 18, 2016 7:26:34 PM

Post# of 235061
There is a way to pay zero capital gains taxes and that is through a Roth IRA. I don't have one but wish I had gotten one before I bought stock in SFOR. I know Etrade and other brokers have them and the advantage is you can trade or invest in anything you want and never pay capital gains taxes ever. However, there are limitations on the Roth IRA such as a ceiling of income of 117,000 per year and a yearly maximum contribution of 5500. You can only use your after tax income to put in a Roth IRA. But for some people who qualify this would be a good option to avoid paying capital gains taxes. Don't really know all the pluses and minuses, but I am looking into it for next year for myself. Also, I know you can rollover a regular IRA into a Roth IRA, but not sure how that works. May be worth looking into if you want to avoid cap gains taxes on other future investments. Just a thought, but maybe you know this already. I'm sure others here know a lot more than I do.