Word: sells
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Dates: during 1990-1999
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...take a cash distribution, the stock is sold at market value, and you pay ordinary income tax on the full distribution. But when you take stock, not money, you pay ordinary income tax only on the cost basis, then capital-gains tax on the appreciated value when you sell. In many cases the capital-gains rate is half the combined federal, state and local income-tax rate. The strategy also lowers your 401(k) balance, which lowers your mandatory distributions at age 70 1/2 and gives you cash to gift to reduce your estate...
...trick, then, is to keep enough money in the safest high-grade bonds (and in cash) so that you can live off that money--along with your Social Security and pension--during any five-year downdraft in the stock market. That way you're unlikely to be forced to sell your stocks when their price is down. Any money you won't need for at least five years should be invested in a diversified portfolio of stocks or actively managed stock mutual funds...
Like an automobile dealer trying to sell you the same car twice, Clinton will spend more time highlighting what he has already done than he will trying much that is new. His willingness to use some of the surplus to pay down the debt speaks to a kind of long-term focus that is the luxury of a lame-duck President. The plan for the next two years seems to be, Trumpet the past; give Gore the future...
...billions of dollars in hardware upgrades. AT&T's dynamic CEO, C. Michael Armstrong, who took over in November 1997, is out to win your loyalty on many fronts, in the face of ferocious competition from giants like MCI Worldcom, Sprint, Bell Atlantic and SBC Communications. Each wants to sell you a bundle of wired and wireless connections...
Basketball's all-time biggest draw retires to the golf links, the second-rate wannabes he turned into multimillionaires snivel about their economic hardship, and the league still finds ways to fill the tent. The NBA, which could sell swimsuits to Eskimos, has even put topspin on Jordan's departure: with the Chicago Bulls out to pasture, anyone can take the title...