Scenario:
Sold our home and some farm property last November and invested all of that money into a three fund portfolio. 1.6M total. It has done well and about 60% of it will be considered Short term gains until November then the rest in Feb 2024. I was originally just planning on selling the funds when needed and taking the tax hit but it has become a fairly size-able hit now so I am looking at using an SBLOC until the money goes to Long term gains. The rate I can get is about 7.5%. It seems to me this would be a better move but just wondered if there is something I’m not seeing here that someone smarter than me might know. Married filing jointly and will be in the 35% bracket for 2024.
Sold our home and some farm property last November and invested all of that money into a three fund portfolio. 1.6M total. It has done well and about 60% of it will be considered Short term gains until November then the rest in Feb 2024. I was originally just planning on selling the funds when needed and taking the tax hit but it has become a fairly size-able hit now so I am looking at using an SBLOC until the money goes to Long term gains. The rate I can get is about 7.5%. It seems to me this would be a better move but just wondered if there is something I’m not seeing here that someone smarter than me might know. Married filing jointly and will be in the 35% bracket for 2024.
Statistics: Posted by Truckdriver — Wed May 29, 2024 5:09 pm — Replies 8 — Views 306