Quote:
Originally Posted by Rusty
The year I retired. I moved some money around from a couple of retirement accounts into one. And left some out to pay off some bills. Well............I forgot to pay taxes on the money I left out.
This year. I have some capitol gains that I might have to pay on.
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Forgot to pay taxes.. LOL... hope you look good in an orange jumpsuit...
Seriously, having just retired this past fall at 57, I’m certainly thinking of what could happen. With an unusually big increase in the stock market, it certainly could appear as huge earnings to accrue on despite it being just on paper at this point.
I do have a guy though that I have been working with for about 20 years now that should allow me to not pay much in taxes ever again... but it has been in planning for years ...