Letters
Carrying Losses Forward
Comment Posted Online to “Capital Pains: Rules for Capital Losses,” by Julian Block, September 2010 AAII Journal:
One implication to be drawn from this very valuable article is that the couple should not let their $90,000 in losses be carried forward for 30 years, writing off $3,000 against income each year. That loss should be considered an asset and not allowed to just sit there. Capital gains now have a no-tax advantage for them over other forms of investment. The mistake would be to exclusively hide
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Lee from Minnesota
Variable Life Insurance
To the Editor:
I enjoyed and educationally profited from the article about variable universal life in the September 2110 AAII Journal [“Variable Universal Life: Astute Management Required” by Peter Katt]. Table 1 on page 27, I think, has an error on line 3 (age 57). The amount carried over from the line above is 1M short. This, of course, makes no difference in the excellent points in the article—just the amount of money our theoretical friend has at the end of
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