It will have several probably. If today were the end of the year, our RMDs would be about 85% of what they were this year. I doubt that my spouse and I are unusual. It is likely that our taxable income will be lower next April 15 than it was this year. So the unintended consequence is that there may be less money flowing into the federal and state coffers next year. At least we are still adding workers to keep those tax revenues up.
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Conversely, if you sold your winners fearing further declines, your capital gains payments might be increased.
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What are winners? Seriously.
You are supposed to let your winners run. That implies accumulating paper profits over time.
As markets turn around some sell their winners so they can hold cash. That often means accumulating capital gains when markets fall.