Originally Posted by
CincoDeMayo
Yes, I know what a PCRA is, I utilize it myself. But he said he doesn't have to pay taxes on his Spirit stock because its in a PCRA. I was asking if he was utilizing a Roth and contributing to the PCRA with post tax money. Because the point is, there is no such thing as "I don't have to pay taxes..." You will pay when you sell and take disbursements
Ok. "You will pay when you sell and take disbursement." Lets break that down lol. You dont pay when you sell because im closed out of all positions and just sitting on the cash. I will pay taxes when i retire in 20yrs and do the standard 401k withdrawal. So i dont pay taxes when i sell but do when i take disbursement. A person doesnt have to worry about capital gain taxes on how long you hold it in a 401k