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Radical Personal Finance
1021: Friday Q&A: Too Much Money To Know What To Do With, Trades vs. Knowledge Work, Saving Capital Gains Taxes
May 24, 2024
Topics discussed in the podcast include managing surplus income, transitioning from military to civilian life, the potential of trades versus knowledge work, and strategies for minimizing capital gains taxes.
58:42
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Quick takeaways
- Offset long term capital gains with losses from other assets to reduce tax liability.
- Consider tax-saving strategies like relocating to places with favorable tax laws for traders.
Deep dives
Net Long Term Capital Gains Against Long Term Capital Losses
To manage your long term capital gains from selling appreciated stock, consider selling other long term capital assets at a loss to offset the gains. Look for assets with losses, realize those losses, and then net them against your gains to reduce the taxable amount.
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Discover
highlights
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