✉news BusinessPersonal Finance first seen 15 h ago, last 40 min ago, peak #17

78-Year-Old to Borrow $150,000 Rather Than Sell Long-Held Stock

Original: At 78 He'll Need $150,000 and Borrow Against the Brokerage Account Instead of Selling Stock He's Held Since the Nineties. The Gain Has Never Been Taxed, and If He Holds On, It Never Will Be

A 78-year-old investor who needs $150,000 plans to borrow against his brokerage account rather than sell stock he has held since the 1990s. The position's gains have never been taxed, and by holding on he may avoid capital gains tax entirely, passing assets on with a stepped-up basis. The case highlights how wealthy investors use securities-backed loans to defer taxes indefinitely, a strategy drawing both admiration and criticism.

Why now: The story illustrates a widely debated tax-avoidance strategy of borrowing against appreciated assets instead of realizing gains.

24/7 Wall St.brokerage accountscapital gains tax

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• At 78 He'll Need $150,000 and Borrow Against the Brokerage Account Instead of Selling Stock He's Held Since the Nineties. The Gain Has Never Been Taxed, and If He Holds On, It Never Will Be · 24/7 Wall St.

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