Be sure to turn off automatic reinvestment of dividends on your FZROX shares. Use that money to slowly build a position in transferable ETFs or mutual funds.
You might plan to use money from FZROX if you decide to pull from taxable accounts to pay taxes on future Roth Conversions. In that case, you’d sell shares only to the point necessary to pay for the tax on the conversion.
If charitably inclined, you could plan to donate highly appreciated shares from these funds.
Of course, the stock market is probably not done with high volatility, so you might pay less tax at some point in the future if you switch out of FZROX.
Best of luck to you!
You might plan to use money from FZROX if you decide to pull from taxable accounts to pay taxes on future Roth Conversions. In that case, you’d sell shares only to the point necessary to pay for the tax on the conversion.
If charitably inclined, you could plan to donate highly appreciated shares from these funds.
Of course, the stock market is probably not done with high volatility, so you might pay less tax at some point in the future if you switch out of FZROX.
Best of luck to you!
Statistics: Posted by Kendall — Sun Dec 24, 2023 4:18 am