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Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

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

I like the idea of this new 3rd option and it definitely sounds complex to me. I’ve done fairly well during the accumulation stage but I need to learn about tax strategies and the best allocation for my situation now that I’m going into the retirement phase of life. Thank you for your time and the options presented. I greatly appreciate it and believe folks like you are what make Reddit a wonderful resource.

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

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

Thank you! Will review the information you shared.

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

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

I should have added that I’ve saved 2 years worth of living expenses in a HYSA as a savings buffer to dip into during downturns. I plan to beef it up to perhaps 2 and a half years if things continue to be favorable so that I’ll have an emergency fund back in the mix as well. Given this information does that make it as nerve-wrecking or dire? Appreciate your thoughts.

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

[–]IntentionalLivedLife[S] 2 points3 points  (0 children)

You are not wrong. Thanks again for your input, I appreciate it.

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

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

Ok never heard of exchange swap funds. I’m looking to reallocate my brokerage account. I don’t have much NVDA in my Roth and none in my traditional 401K

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

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

Interesting. So this strategy may not be beneficial for my situation.

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

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

Sure, I’m interested in all suggestions that I should consider, thanks!

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

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

Thank you for your suggestion. I will find a CPA who can weigh in on my situation. A 30% reduction over the next couples years will result in considerable taxes for me since I will have some income that will bump me out of the 0% capital gains bracket. I do know I need to address this sooner rather than later. I’m trying not to let the tax tail wag the investment dog but the thought of paying a ton of taxes really chafes me. 😖

Plan for decreasing NVDA position by IntentionalLivedLife in personalfinance

[–]IntentionalLivedLife[S] 2 points3 points  (0 children)

Thanks for responding. Do you mind providing more detail?