So based on a couple of blogs that I've been reading lately, I've come to the conclusion that April and I need some taxable investment accounts. Something that we can eventually draw out of before we turn 65 and can use our 401k/Roth/SS.
This is a somewhat new venture for us/me. Does anyone here do this already? If so, a couple of questions..
How does it really work as far as taxes?
Do I just pay capital gains taxes on my earnings at the end of the year?
Are there easy ways to minimize my taxes?
Anything else I should be worried about?
This is a somewhat new venture for us/me. Does anyone here do this already? If so, a couple of questions..
How does it really work as far as taxes?
Do I just pay capital gains taxes on my earnings at the end of the year?
Are there easy ways to minimize my taxes?
Anything else I should be worried about?