Retirees: Here's a Tax-Free Way to Cash In on Winning Stocks
At the end of successful careers, many people would like nothing more than to kick back and enjoy their retirements. But just because you've stopped working doesn't mean you should give up on tax planning. In fact, some of the most lucrative tax opportunities are tailor-made for retirees.
For instance, it's very difficult to find ways to bring in income without paying taxes. But if you're fortunate enough to have had winning investments over the course of your career, then you might be able to cash out of those positions without having to pay any additional tax.
This is especially true if you're nervous about the lofty heights to which the stock market has risen; then, the prospect of selling a portion of your stock portfolio tax-free probably looks extremely attractive. Below, we'll see who qualifies for this tax-free treatment and how it works.
Source Fool.com
