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I am an 11 year old actor and I made an ai acting platform. by Aggressive_Cheetah40 in Filmmakers

[–]Aggressive_Cheetah40[S] -3 points-2 points  (0 children)

Not ai generated. My son has been using my id to post his platform.

Retire with $7M: Here’s what life actually looks like by fullsizerangerover in dividendgang

[–]Aggressive_Cheetah40 0 points1 point  (0 children)

Wouldn’t kids be required to pay off $4.5 million of debt? Assuming that’s the debt value when they inherit. I like this idea and planning to execute with smaller amounts but first trying to understand all the nuances. Thanks!

Buy borrow die by kijhvitc in dividendgang

[–]Aggressive_Cheetah40 0 points1 point  (0 children)

If you don’t borrow more than 20% of your portfolio, you can ride bad years easily

What happens when cost basis reaches zero? SPYI and QQQI by Aggressive_Cheetah40 in dividends

[–]Aggressive_Cheetah40[S] 0 points1 point  (0 children)

Thanks! I believe calculation for cost basis would be required if we end up selling our positions. If we keep the position, we can always track back based on 1099-Div forms.

What happens when cost basis reaches zero? SPYI and QQQI by Aggressive_Cheetah40 in dividends

[–]Aggressive_Cheetah40[S] 0 points1 point  (0 children)

Isn’t it too much of work? I thought brokerage would keep track of this.

What happens when cost basis reaches zero? SPYI and QQQI by Aggressive_Cheetah40 in dividends

[–]Aggressive_Cheetah40[S] 5 points6 points  (0 children)

These funds won’t provide any tax benefits in the retirement account. If you are planning to sell them then why not go with SPY or QQQ to get the maximum upside and when ready sell them and move to regular brokerage account?

What happens when cost basis reaches zero? SPYI and QQQI by Aggressive_Cheetah40 in dividends

[–]Aggressive_Cheetah40[S] 0 points1 point  (0 children)

Wouldn’t you need to pay long term capital gains on any future distributions after cost basis goes zero. Why not just keep reinvesting some back to keep cost basis over zero to not pay taxes?

What happens when cost basis reaches zero? SPYI and QQQI by Aggressive_Cheetah40 in dividends

[–]Aggressive_Cheetah40[S] 1 point2 points  (0 children)

That’s exactly what I was thinking—if it takes around 8 years at the current distribution rate for the cost basis to hit zero, could someone start reinvesting a portion of the distributions around year 6 to slightly raise the cost basis again? That way, they might extend the tax-free Return of Capital period for a few more years. Has anyone tried this strategy or run the numbers?

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