I’m looking to create a LTCG Harvesting account to boost my retirement income.
My current primary source for which stocks to invest in is currently only Yahoo Finance, I definitely want to find other, more reliable, sources.
I’m looking for sources that have a relatively large number of individual analysts who are all giving their opinions on buy, sell, and hold along with predictions on their estimate stock value 6 months and 1 year into the future.
I want to compare the results from multiple sites to see where multiple sites recommend the same stock symbols.
My situation is relatively simple. My “fixed” retirement income from Social Security, Pension, Required IRA Withdraw, and Annuity places me just slightly into the 12% Federal Tax Bracket, about $17,500 below the start of the 22% Bracket. At the 85% Social Security Taxation rate, that changes the 12% Bracket into the 22.2% Marginal Tax Rate before entering the 22% Bracket which is the 40.7% Marginal Tax Rate.
If I can create a Standard Brokerage account to Harvest LTCGs, they will be Tax Free, but the 85% Social Security Taxation rate will actually create a 10.2% Marginal Tax Rate.
This is why I am looking for a source that I can use to try to find some relatively secure investment into individual stock symbols, but I want multiple sources so I can compare the results before I choose a few symbols to invest in!
Yes, I do realize that when I create the Tax Free LTCG income, if I push that income into its 15% tax rate, my Marginal Tax Rate will be 49.95%!
My current primary source for which stocks to invest in is currently only Yahoo Finance, I definitely want to find other, more reliable, sources.
I’m looking for sources that have a relatively large number of individual analysts who are all giving their opinions on buy, sell, and hold along with predictions on their estimate stock value 6 months and 1 year into the future.
I want to compare the results from multiple sites to see where multiple sites recommend the same stock symbols.
My situation is relatively simple. My “fixed” retirement income from Social Security, Pension, Required IRA Withdraw, and Annuity places me just slightly into the 12% Federal Tax Bracket, about $17,500 below the start of the 22% Bracket. At the 85% Social Security Taxation rate, that changes the 12% Bracket into the 22.2% Marginal Tax Rate before entering the 22% Bracket which is the 40.7% Marginal Tax Rate.
If I can create a Standard Brokerage account to Harvest LTCGs, they will be Tax Free, but the 85% Social Security Taxation rate will actually create a 10.2% Marginal Tax Rate.
This is why I am looking for a source that I can use to try to find some relatively secure investment into individual stock symbols, but I want multiple sources so I can compare the results before I choose a few symbols to invest in!
Yes, I do realize that when I create the Tax Free LTCG income, if I push that income into its 15% tax rate, my Marginal Tax Rate will be 49.95%!
Statistics: Posted by PapaGeek — Sun May 26, 2024 3:51 pm — Replies 10 — Views 474