Author Topic: Investing Extra Cash  (Read 746 times)

williamroc

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Investing Extra Cash
« on: June 30, 2021, 08:51:19 AM »
What's advise of investing extra cash ~$50k ? IRA? Brokerage account? High 30', Tax Bracket 24%
What if I need to use that money in about 6 months? How to avoid the Capital Gain Tax (Assuming a gain from investment during the next 6 months)?

Thanks

gocurrycracker

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Re: Investing Extra Cash
« Reply #1 on: June 30, 2021, 06:44:56 PM »
Need the money soon (<3 years) -> cash or cash equivalents

Avoid capital gains tax? You don't

williamroc

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Re: Investing Extra Cash
« Reply #2 on: July 02, 2021, 12:17:41 PM »
Need Cash within next 6 months.

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gocurrycracker

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Re: Investing Extra Cash
« Reply #3 on: July 03, 2021, 02:38:41 AM »
Yeah, if need the cash in 6 months then just dump it in a savings account / 3 month CD / short term treasuries

You'll pay tax on the interest (which won't be substantial)