Let's pretend one purchased a new home outright (cash) and will have proceeds from the sales of their current home in excess of 250k. Seeking tax advantaged ways to invest said funds, with goal of keeping reportable income at lowest possible levels upon retirement (eta 5 years.) Note - hoping the discussion is open dive deeper into more creative options than the basic purchase stock or reit and hold.
Example of things we are wanting to avoid:
• Drop 250k into a govt. fund that only kicks 3% - which is then STILL adding $625/yr to reportable income.
• Drop 250k into fund (ie.VOD) that might generate 9% year, resulting in $22,500/yr to reportable income.
• Drop 250k (or portion of) into a murky retirement annuity.
• Purchase stock, hold and be responsible for capital gains after a year + reportable income year of sale.
Example of things we are wanting to avoid:
• Drop 250k into a govt. fund that only kicks 3% - which is then STILL adding $625/yr to reportable income.
• Drop 250k into fund (ie.VOD) that might generate 9% year, resulting in $22,500/yr to reportable income.
• Drop 250k (or portion of) into a murky retirement annuity.
• Purchase stock, hold and be responsible for capital gains after a year + reportable income year of sale.
Statistics: Posted by 401k Man — Sun Dec 22, 2024 6:35 am — Replies 4 — Views 314