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Well, I think the strategy is to keep balancing your gains and losses to minimize taxes until you die, by which point you’ve transferred all your wealth out tax
by ttul 5y ago
Well, I think the strategy is to keep balancing your gains and losses to minimize taxes until you die, by which point you’ve transferred all your wealth out tax-efficiently through trusts.
- gruez 5y ago...by taking out loans and not paying them back? I'm not sure why any bank would sign up for that.
- m_ke 5y agohttps://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp https://www.investopedia.com/articles/personal-finance/10051...
- gruez 5y agoHow is this relevant?
- triceratops 5y agoA HELOC is one example of a loan whose principal never needs to be paid off. As long as you keep making interest payments and the house keeps its value, the bank is happy.