| Author | Message | ||
     Kodibochu Yavvanam Kaatesina Bewarse Username: Kodibochu Post Number: 5804 Registered: 04-2019 Rating: N/A |
My opinion is like this-(it is very subjective from person to person and depends upon how they value money and what age they are in). I am 52 years old and want to retire as early as possible. (1)Withdraw money when you get multi-x profit in a stock by keeping the original amount intact. (2)Withdraw the amounts within the limits so that the tax bracket will not go up. (3) Pay-off any debt-Mortgage/Student Loan etc. Real-time example: I invested 20K in BNGO. I took my initial investment and 50% profit out of it. I still have 20,000 dollars worth of shares left. When the market is steady green, I want to take this money out of the market and pay off the debt. I need to pay a 2,000 penalty plus regular tax. |