I guess for another reason why I dumped a lot of stock funds today. Capital gains taxes.
Although it is more than what it was under bush, it is still currently historically low.
The way I look at is if Hillary wins, chances are the Democrats will also sweep Congress. So capital gains taxes most likely would go up for most of us. So I might as well sell this year and lock on this year’s cap gains/dividend rates.
If trump wins, he also plans on raising cap gain taxes, though less. And there is also the possibility of him tanking the economy similar to BRExit. At that point, it won’t matter what the capital gains tax rate is if your 401k looks like a 201k like it did under Bush, so to speak.
