McCain proposes suspending mandatory stock sales

I like this proposal. Last night I was at a bar with a friend, who was telling me that he's taken a 40% hit on his stocks this year. I asked him if he was going to hold on, and he said he had to of course but that his mother who is retiring within a year took a 50% hit and is required to sell 15% at these rates.

I feel for those who are required to sell their life's savings at the current market rates, and don't see a lot of benefit in the requirement. I think this is a good proposal by McCain.

This is a real positive and I think it should catch on.

Hubby and I are winding down our business with hopes of retiring within a year or two, but we've taken a powerful hit on our 401K and IRAs. It would be a huge blessing not to have to deplete those funds further before we actually have to have them. A lot of our money is in closed funds where it would be difficult to withdraw and replace in the same fund.

I wouldn't mind having an option to start to pay the taxes on them without having to withdraw them while they are still depleted though. That could be another advantage somebody bright could offer.

Fox, Tax rates will drop under Obama including capital gains. I'm laughing loudly as I write this.

Given CI's comments on future taxation, you may or may not want to. Some incomes look on track to be punished, assuming he can get his schemes through Congress. Still, I vaguely recall hearing that it might be possible to convert either plan to a Roth, letting you pay taxes now. Don't think that would count as a withdrawal (if it can be done at all).

At my income level, it would be better to hold out for better tax rates (maybe) in the future.

You might be right. I haven't taken time to put it to pencil and paper and of couse we would before we made any decisions.