Re: When to move money from taxable account to new NISA?
Posted: Fri Nov 24, 2023 2:04 pm
Thanks for sharing your knowledge. I will have a few NISA's, in about 3. So, I will have to cross that bridge when that happens.beanhead wrote: ↑Fri Nov 24, 2023 1:37 pm'Growth' portion of the new NISA is 2.4 million. The rest must be tsumitate/DCA.Bubblegun wrote: ↑Fri Nov 24, 2023 1:22 pm
I could fill the new NISA with a lump sum of 2.5 million in January and then fill the rest monthly with DCA. (the same system I have done for 30 years). Now, I've got about 7 years before early retirement.(62ish) but I could delay for a further 5 years (or more) "More"
Sadly I can't fill the NEW NISA with NEW MONEY.
https://retirewiki.jp/wiki/NISA#New_NISA_from_2024
In your situation, I agree that selling in taxable and buying in new NISA makes sense.
If you have any 'old' NISA funds which are finishing in the next few years re-investing them in new NISA is probably a good idea too.
Thanks for the advice on not needing a financial advisor. I have to say it....i don't trust a single one of them.
Sadly this guy's speech really did hit home.Hit by quite a few of them, the endowment scandal, and the mortgage scandal, the pension scandal, the PPP scandal. These were all before the world of the internet, and like-minded people coming together. Trying to help each other.
So once again, thank you!
https://youtu.be/rH8HP0zl7DY?si=JUE9Jxk1w_nuYCXR