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To: Liberty Tree Surgeon
"Sell all your mutual finds in your IRA or 401(k)."

Been thinking of that - couple of questions for you:

How old are you? and
what % did they bang you for taxes?

43 posted on 01/13/2021 11:19:42 AM PST by Psalm 73 ("You'll never hear surf music again" - J. Hendrix)
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To: Psalm 73

I’m not yet retirement age, but the taxes aren’t an issue since IRAs and 401(k)s are tax deferred. You get nailed on the taxes only if you withdraw the money, at your marginal rate plus 10% penalty if you are below 59.5 years old.

Once the mutual funds are sold, you can invest in something more directed, like non-woke companies’ stocks or inflation hedges. Or keep it in cash until Biden blows the economy/markets, and come back in for the bargains.

Either way, if you sit the $$$ on the sidelines, it doesn’t support the Wall Street/Corporate crooks and no one is earning major fees to manage your money.


56 posted on 01/13/2021 12:04:26 PM PST by Liberty Tree Surgeon
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