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Money Girl

What Tax Will I Owe on My Investments?

Money Girl

Macmillan Holdings, LLC

Investing, How To, Entrepreneurship, Business, Education

4.61.8K Ratings

🗓️ 7 June 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

Laura answers a listener’s question about paying tax when selling an investment and what to do with the extra cash. 

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.

Money Girl is a part of Quick and Dirty Tips.

Links: 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone. Welcome back to Finance Friday. This is another special edition of

0:09.2

Money Girl where I answer your burning money questions.

0:13.3

Today we've got a great question that came in from Elaine.

0:17.4

She says, I'm retired and have Social Security benefits,

0:21.9

a pension, savings, and a traditional IRA.

0:25.0

About six years ago I bought some real estate stock that went up and I'm thinking

0:30.2

about cashing it out. What taxes would I owe on the sale and how should I

0:36.1

reinvest the money? Elaine thank you so much I will review what tax you must pay on

0:42.3

various investments and recommend some options to

0:45.1

consider when you have extra cash in retirement. I appreciate you joining me this

0:49.9

week. My name is Laura Adams. I'm a personal finance author spokesperson money speaker

0:55.4

founder of the money stack newsletter and host of the money girl podcast with 43

1:00.5

million downloads if you're not already subscribed here to the show in whatever

1:05.4

app you're using right now that's the best way to ensure you never miss an

1:09.5

episode. We're doing two a week on Wednesdays and Fridays.

1:13.2

And by the way, if you have a question

1:15.5

you'd like me to cover on a Finance Friday show,

1:18.3

please leave it on our voicemail line.

1:20.4

You can call 302

1:22.5

36403808 or you can send an email

1:26.8

using my contact page at Laura D Adams.com.

1:31.0

While you're there, you can sign up for the Money Stack newsletter for free.

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