Got it, thank you.If you have bonds in your taxable brokerage account, these are better to sell because of the lower capital-gains tax.
Grabiner, re: your 2nd paragraph, I'm wondering why it's better to fund the large down payment via selling stocks rather than by selling bonds in taxable brokerage?
But if you have bonds only in your 401(k), you can still sell bonds to pay down the mortgage or increase your down payment: sell taxable stocks and move an equal amount from bonds to stocks in your 401(k). (This is what I did when I paid off my mortgage. I sold taxable stock, which happened to have a capital loss because I sold in a market decline, and then moved an equal amount from bonds to stock in my employer plan to keep the same stock holding.)
Statistics: Posted by USAFperio — Tue Dec 31, 2024 3:20 pm — Replies 10 — Views 810