Let’s say you have 10k in a taxable account and you’re down around 3k. Would it make sense to sell this and realize the capital gains loss and use the funds from there to max my Roth IRA for the year ($6500)?
As a note I also want to restructure the investments in my taxable account anyway and I have funds available to max my ROTH IRA immediately regardless if I sell this or not. Just want some reassurance if doing this would make more sense if I want to:
1) max my Roth IRA immediately with lump sum 2) restructure my taxable account portfolio 3) take advantage of the capital gains loss (don’t see some of these investments recovering to a good level anytime soon and want out)
Submitted January 11, 2023 at 03:12AM by Cross_7 https://ift.tt/T3LGhdr
