Have some capital gains building in my accounts and recently read about the "Buy, Borrow, Die" approach: https://www.peoplestaxpage.org/buy-borrow-die.
The gist is instead of realizing capital gains, borrow against your assets at a low rate, then pay off all the loans when you die with your (now reset) capital gains. I'm thinking the gaps are probably:
- Amount of assets required to secure low enough rates to mitigate risk in investment downside
- Potential estate tax changes that would eliminate cost basis reset at death
Is anyone using this strategy? Other pitfalls? How's it working out?
Submitted July 12, 2021 at 01:55PM by ikeepeatingandeating https://ift.tt/3yQPsbq
