Sell stocks in this current high market

I am 82 yrs old and in low tax bracket…I like the dividends to pay some expenses. Should I sell half or all stocks as my family will sell the stocks when they receive and the market is high right now. Thank you

Terry Says:  This is a far bigger question that whether the market is “too high” and you should sell stocks now.  And I hope I can direct you to get some trusted advice.  But first, you should know that under current tax law, if you die and leave those stocks to your heirs, they will have a new “cost basis” which is the price of the stocks on the date of your death.  If you sell stocks NOW, before you die, then you might have to pay a capital gains tax on any gains!  And that could impact your low tax bracket!  You need this knowledge to make a smart decision on when to sell.

But you also need to make sure you have a current will, or better yet  a revocable living trust, so that there will be no arguments among your family. And that you have a power of attorney for healthcare.   And several other financial issues.  For that I recommend an independent CFP — certified financial planner.  Or ask your bank for an estate planning attorney they use and trust to help you make a new and complete financial and estate plan.