Originally Posted by
GMK35
There’s also the intrinsic value of living life to the fullest now vs. the mindset of “when I’m 60 I’ll do XYZ.” “Fullest” does not mean financially stupid, but spending money to enjoy life and make memories can be a lot more satisfying and “worth it” than dumping tons of extra money into a low rate mortgage.
Also a great point! Too many don't get the option to do it later.
Originally Posted by
Frank Grimes
You don’t pay taxes on capital gains unless you sell the stock.
Borrow cash against them tax free (loan proceeds are not considered taxable income), then when you die transfer them to your heir which resets the cost basis to market value. This allows them to sell the stocks with little to no capital gains tax liability.
Now we're going places. Another option, rather than sell a stock to give to charity, donate an appreciated stock to that charity. Less tax burden and more money to your charity.