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Lorie3168

12/29/20 10:36 AM

#343246 RE: laser777 #343240

I am only playing this game the best I can in my current situation. Call me a fool but, you can’t take it all with you when you go! At the moment I hope I have enough years to spend, share, and donate what I gain here and some other strategic investments.

kabunushi

12/29/20 10:38 AM

#343250 RE: laser777 #343240

Part of the Biden tax plan probably will involve taking away the LT cap gains rate on income above $1M. That doesn't relate to retirement accounts but if it takes effect in 2021 it would mean that on very large LT cap gains the 20% rate would go away for those with over $1M in income, meaning that the marginal rate on LT cap gains for those with very large incomes would rise from 20% to 37% (new rate could even be higher if the highest bracket highest marginal rate increases).

Enough shares were dumped to indicate it could have been somebody selling who has more than $1M in capital gains and thinks the higher rate will come into effect in 2021.

barnstormer

12/29/20 11:05 AM

#343273 RE: laser777 #343240

Which makes the case to consider converting shares from your IRA to a Roth, at least for any NWBO shares that have a low cost basis.