Quote:
Originally Posted by CRCRFT78
When KMP turned into KMI the shares I held long-term became short-term, although this is a retirement account is this something I should be concerned about when I sell the original shares? Or should I just sell anyway because the tax implications won't affect me?
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Don't concern yourself with taxes inside of an IRA/401... and this is such a small amount and would be a LOSS sale anyway so no taxes will apply.
These accounts are "tax deferred"... you won't have any issues until you've actually taken the gains etc.... and for the most part - these would be spread over numerous years - and the plan is - to be in a lower tax bracket when you're retired in the first place. That's the entire reasoning behind them.
I prefer a ROTH IRA -- which has ZERO taxes - EVER. If you qualify - look into opening a ROTH and funding that over a standard IRA/401