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Old 06-19-2012, 01:46 PM   #29
thill
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Ironically enough this just happened to a buddy of mine last year. He cashed in a bunch of stock options from work, invested all of the money in a "sure thing oil/gas investment" which tanked. Problem was he forgot that the profit he received from those stock options was taxable income at the end of the year and had to write the government a big check and he no longer had the money. He was forced to take out loans against his 401k and sell other investments to pay Uncle Sam back.
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