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Strategies & Market Trends : HOW MUCH MONEY IS YOUR GOAL???
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To: Frank Ellis Morris who wrote (179)5/2/1997 2:45:00 PM
From: Ann Janssen   of 470
 
Frank,

I was thinking about Merril advocating borrowing instead of cashing securites. This MAY not be such a bad idea, What about this senario?

You need cash, If you sell stock your going to pay capital gains tax (hopefully your stock has made money) that is most likely more than what you could borrow money from the bank. If you withdraw from a IRA your paying a 10% penalty off the top then income tax on what you receive. If you own a home you can get a home equity loan and deduct the interest off your taxes. If you have good stocks they will return more than the going interest rate at the bank so your still ahead. Can you tell I hate to pay taxes??? <ggg> I would NEVER borrow from the broker against my stock (margin) either.

Now I'm not advocating this approach but If I needed money desperatly, my stock is the last thing I would sell, especially my INTC.
Just a thought. When there a will theres a way, sometimes you just have to be a little creative. :-)

Ann
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