Replies to post #194792 on Fannie Mae-No Politics (FNMA)

[Cobra Khan]

But tax free is only possible if you hold until 59 1/2 years old correct? Personally, I am in the 15% tax bracket (at the very bottom lol) so I will hardly get hit since I am over a year on most of my shares.

If I am correct, which I probably am not, don't 10%/15% tax brackets pay 0% federal taxes on capital gains held over a year?

If that is the case I would only be paying the CA state tax on my gains, which would be huge for me since I plan on using that hypothetical money on buying my first home.

Am I right or am I sadly, sadly mistaken?

[Straightline]

I agree 100%. You may also want to look into getting a self directed ROTH I.R.A. I have mine with Equity Trust Company in Ohio. Had them for years. I buy real estate in there too. Allllll tax free at retirement. The average retiree will pay the government 10x more in taxes at withdrawal than what they saved in accumulation years getting the write off. Traditional IRA's are a scam. Government wins. Get a ROTH.