20 Apr 2025 8:18 am
I've read several articles about people who pulled all their money out before Trump even became president.ROG62 » 19 Apr 2025, 10:06 am » wrote: ↑ well, not to underestimate the savvy investor, many panic in the face of ultimate doom...you know, like end of world type thingies such as tariffs....
You'll be sure to find out come tax time...although long term isn't as bad...
like a businessman buddy once told me, "if you're paying taxes, you're showing too much of your hand"....
No tax hit on this move, just reallocated.
I've resigned to paying quarterly estimated taxes to keep the IRS at bay. I sucked at setting up some tax free income. Retirement income is well into the 22% bracket, great for the wallet, not so great come tax time.