Why is reducing taxes a goal? Seems misguided. Also hard to tell you how to reduce capital gains tax when restructuring without knowing current basis etc. But this $26 million portfolio properly invested should have no problem providing $1 million in spending a year so they could probably leave it all in a municipal money market fund and get 40 years of $500K out of it. Tax free too.Asking for a friend. So this is all the info I have.
Current information?
$8 million in CDs
$17 million in Total Stock Market, SP500 and International (All Taxable Accounts)
$1 million in Total Bond Fund (Tax Deferred Accounts)
No debt
No legacy
How would you set up your portfolio if you want to:
spend around $500K per year for the next 40 years
Reduce risk to a low level where you can just set it and sleep well at night
Reduce taxes (live in no tax state)
Best way possible to reduce capital gains tax when restructuring new portfolio
It doesn't seem like a crazy portfolio though. Why are we making changes? What's the problem exactly? The current portfolio should be able to reach the current goal with no adjustment whatsoever.
Statistics: Posted by White Coat Investor — Sun Oct 20, 2024 11:10 pm — Replies 18 — Views 3582
