"A couple in their mid-50s with a $5.2 million net worth is seeking strategies for gradually selling stocks to diversify into bonds, considering tax implications."
"Commenters suggest that the Redditor should gradually sell stocks, particularly from retirement accounts where capital gains taxes can be avoided, aiming for a balanced portfolio."
A couple planning for retirement is seeking advice on transitioning their $5.2 million net worth from stocks to bonds to achieve a more conservative portfolio. Currently, they hold 80% in stocks, primarily in tech, and aim for a 60/40 split. Commenters on Reddit suggest a gradual approach to selling stocks to minimize capital gains taxes. Selling stocks from tax-advantaged accounts first can expedite their reallocation toward bonds without incurring immediate tax implications. The couple's pension income of $65,000 annually adds stability to their financial plans.
#retirement-planning #stock-to-bond-transition #investment-strategies #financial-advice #tax-implications
Read at 24/7 Wall St.
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