I expect to realize a large capital loss over the next six months. Good news is I've done well and have a net worth around $10mm, bad news is I'm down ~$5mm on company shares I have previously been unable to sell as a senior company officer. I do expect to exit in the near-term and am wondering whether this large loss carry forward should have an impact on my asset allocation, or at least on my asset LO-cation. To be clear, the losses are such that I don't ever expect to be able to utilize them all given my portfolio size and age (65).
My portfolio is roughly 40-60 with a meaningful TIPs ladder making up a good component of the 60 - half the TIPs are in an IRA to fund RMDs and half are in my Vanguard brokerage account to fund post-retirement/pre-SS spending. My equities are generally Vanguard funds and ETFs and >50% is within IRAs and a 401k. Going forward I'm wondering whether I should be taking equities out of my IRAs and putting them in taxable so that if gains develop they'll be sheltered there...then I can use the IRA to shelter the interest income that would otherwise be taxable? And I'm further wondering whether I might want to take bigger bets on equities in the understanding that I will be immune to capital gains taxation going forward? Perhaps similar to the Larry Portfolio...not necessarily 'more equities' but perhaps 'higher beta equities' that may generate larger (tax free to me) gains?
I live in Florida just FYI so not state tax considerations.
My portfolio is roughly 40-60 with a meaningful TIPs ladder making up a good component of the 60 - half the TIPs are in an IRA to fund RMDs and half are in my Vanguard brokerage account to fund post-retirement/pre-SS spending. My equities are generally Vanguard funds and ETFs and >50% is within IRAs and a 401k. Going forward I'm wondering whether I should be taking equities out of my IRAs and putting them in taxable so that if gains develop they'll be sheltered there...then I can use the IRA to shelter the interest income that would otherwise be taxable? And I'm further wondering whether I might want to take bigger bets on equities in the understanding that I will be immune to capital gains taxation going forward? Perhaps similar to the Larry Portfolio...not necessarily 'more equities' but perhaps 'higher beta equities' that may generate larger (tax free to me) gains?
I live in Florida just FYI so not state tax considerations.
Statistics: Posted by 209south — Wed Sep 18, 2024 1:54 pm — Replies 3 — Views 216