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To: chic_hearne who wrote (30729)10/24/2000 2:03:37 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Now that will change some spending habits. His dilema, get out of CSCO, INTC, and MSFT with under $5 cost per share and give up much of the gains to the government, or ride this out.>

He's retired and needs to live off it??? IS HE MAD?

DAK



To: chic_hearne who wrote (30729)10/24/2000 3:00:07 PM
From: Earlie  Respond to of 436258
 
Chic:

I'm sure you tried to get him to clear out before that is not possible. I'd also bet that he ignored your advice. (NG)

Best, Earlie



To: chic_hearne who wrote (30729)10/24/2000 3:06:23 PM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
If your friend owns CSCO, MSFT and INTC in a retirement account, selling the stock does not trigger capital gains, just as you can't recognize capital losses in a retirement account. You pay ordinary income on the money you draw upon retirement.


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