TOTAL investment safety
Because of possible pending Life and Death circumstances, is it appropriate to reduce ALL INVESTMENTS to risk-free CASH in government insured bank accounts in these chaotic times?
Terry Says
Whew — a lot depends on the circumstances. For example, if someone dies (undercurrent law, which might be chanted), the heirs don’t pay taxes on the gains on assets like stock and property purchased long ago at lower prices. So it wouldn’t be a good idea to sell them just before a person dies!!
Please write back with more details so I can give you reasonable advice. If you don’t want the answer published just say so on your post and I’ll respond by email.
