I maxed my Roth IRA every year and buy s&p500. I’ve been saving cash in a taxable money market fund for my goal of buying an investment property.
It’s been several years and I missed buying a property in the 2021 craziness being conservative. Now my cash pile is getting relatively large and with the higher mmf interest I’ll be getting taxed quite high.
I was thinking to save on taxes... Should I just sell all my s&p500 for mmf in my Roth. Then buy the same amount of s&p500 in my taxable? I’d keep the same allocation just different taxation for now? Transactions like these are fee free but do I lose on the spread? TIA
Submitted October 21, 2023 at 10:23PM by Efficient-Hunter4867 https://ift.tt/c1yUk5x
