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Reply to "Taking out earnings from investments? "
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[quote=Anonymous]When you say "best performing Vanguard accounts" - does that mean mutual funds or something else? If it's mutual funds and you're "taking out" -- i.e. selling, you need to realize that you will pay capital gains tax on that. So if you made $600, it's not like you sell and get to keep $600; depending on your tax rate, you'll get to keep a bit more than half so then you have to consider whether it's worth selling for $300-400 or letting the investment continue to grow and sell when you've made 1k, 2k, whatever the goal might be.[/quote]
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