1755: The Cost of Working One More Year by Jeremy Jacobson of Go Curry Cracker on Early Retirement Decisions
Optimal Finance Daily - Financial Independence and Money Advice
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The Tax Free Wroth Conversion and Capital Gain Harvesting Opportunity
A married couple has the potential to do a tax free wroth conversion worth up to 24 thousand 400 dollars, which is the standard deduction. It's possible to realize long term capital gains of up to 78 thousand 700 fift dollars, also tax free. If these two actions are taken while working, common tax rates might apply to the wroth conversion and 15 % to the capital gain,. For a total tax burden of 17 thousand 181 dollars, or about as much as a ax for o one k contribution. Paying an extra 17 thousand dollars in tax isn't something most people will do voluntarily.
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