|
I am very lucky that my sister has an accounting degree her cpa and knows money very well.
I just also know that what I have in a mutual fund right now has dividends that we reinvest and we are paying taxes on that period I don't want to do that period.
When we sell this farm it will be split between my sister and I. It will be a sizable amount of money. I will let others do the math.
It won't reach one million, but we could have some capital gains on it I am willing to pay the 20% on that. I just don't want to have to continue pay taxes on the money that I'm investing and not be able to enjoy the salaries that we are making on our own.
I do trust my accountant. And the person that I would more than likely invest the money with. He has another batch of mine.
|