We’re in our 70s. How do we withdraw $6 million from our retirement fund without getting killed on taxes?
1. The couple holds $6 million in long-term stock investments, facing capital gains taxes. 2. Charitable donations can potentially reduce capital gains liability for asset sales. 3. Potential strategies include tax-loss harvesting and gifting appreciated stock. 4. Estate planning will allow a step-up in basis for heirs on appreciated assets. 5. Retirement planning focuses on distribution stage with emphasis on tax strategies.