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Kiplinger
Kiplinger
Business
Pam Krueger

A Newly Retired Couple With a Portfolio Full of Winners Faced a $50,000 Tax Bill: This Is the Strategy That Helped Save Them

(Image credit: Getty Images)

The richest households in America are sitting on $21 trillion in unrealized capital gains — profits on investments that haven't been sold and aren't taxed yet.

Nearly half of those gains are held by the top 1%. But this isn't just a super-wealthy problem. If you've been in the market for a long time and your portfolio has grown nicely, those paper gains can quickly turn into a very real tax problem the moment you need to sell.

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