The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: psyseed on September 11, 2018, 12:36:41 AM
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I recently quit my job to work full time on a company I started with my wife, we've been stashing 50% of our income for a while and even though we are not making any money on the company we decided to take the plunge and use the FU money for what is intended to be used.
My question: we burned through our original 3 months of cash and now I am looking at selling the equivalent of 6 months of expenses from our index funds, should I just do 1 big transaction or sell 3 months and in 3 months do it again? any taxes I should take in consideration?
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Taxes depend on the type of account it is in, your income situation, and the type of specific investment... so "it depends".
As for taking it out, I would do it in one lump. If you were taking more than 1 year to have on hand, I would spread it out, annually, unless you were happy with the market (like it is now).
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I would do one lump just to keep the paperwork simple.