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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Diddywahdiddy who wrote (7989)	8/12/2024 7:16:55 PM
From: SeeksQuality	3 Recommendations Recommended By jritz0 livwell suncoaster Respond to of 23749

So true! Even those of us who are younger might not have as many years remaining as we imagine. Worth noting that your money doesn't die when you do, however. In fact under current tax law, unrealized capital gains evaporate when securities are passed to heirs. Their tax basis is equal to the value at the time they inherited it. So it is entirely possible to have success without the "success tax".

To: Diddywahdiddy who wrote (7989)	8/12/2024 10:01:03 PM
From: jritz0	Read Replies (1) \| Respond to of 23749

" This issue. How to balance this. Is always somewhat of a dilemma, in my thoughts." When you were buying these holdings, particularly CEFs and reits or equity/option ETFs such as JEPI or JEPQ, did you consider their tax ramifications? In other words, did you take into consideration tax managed or taxed deferred CEFs in taxable accounts or all CEFs in tax deferred accounts? I believe tax planning is very important when managing a portfolio, especially a portfolio for income/cash flow. I think it is more important as we age and have to worry about IRRMA and RMDs and legacy portfolios.