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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: rnsmth who wrote (17907)	12/14/2013 10:36:40 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 34328

I have no complaints regarding GE. Actually I was busy this week with GE "tax jockeying". Sold 400 sh in my taxable account @ 27.31 (a +67% gain-partial sale). Repurchased 350 @ 26.62 on Thursday and then received the 16% divy hike news yesterday to top off the week. (I expected hiking news which was part of the reason I jumped right back in) I won't go into all the reasons for the tax jockeying, but one is my worry that my states income tax and or property tax (all based on an income sliding scale) are going to soar in the future. It's been voted into law that in 2017 we will have a single payer health insurance system....and they'll need to raise between 1.6 and 2.2 billion bucks to pay for it. This is the amount the state will have to raise above federal subsidies the state already receives(medicaid etc.). So my guess is in one form or another(all income is already taxed here, ira distributions,SS etc) taxes are going to rise on the state level. So my goal is to increase tax free cash down the road via paying some of the long term tax on gains little at a time each year and converting(starting next year) some trad. ira holdings into my roth account. That's my thinking anyways, pay some now and hopefully avoid paying a lot more on a percentage basis later.