In this episode, we dive into the strategy of tax loss harvesting as year-end approaches. Learn how to strategically sell underperforming investments to capture losses, offset gains, and potentially reduce your taxable income.
We'll guide you on what to sell, how to avoid the "wash sale" rule, and why replacing assets with similar alternatives can keep you positioned for growth.
This savvy approach could add 0.5%–2% annually to your portfolio’s after-tax returns over time. Stay tuned for actionable tips to maximize tax savings and make the most of tax loss harvesting.
Key Topics:
- What is Tax Loss Harvesting? (00:00)
- Doing Tax Loss Harvesting the Right Way (01:43)
- What the Studies Show (03:40)
- Playing by the IRS Rules (04:25)
- Tips to Making the Most of Tax Loss Harvesting (05:07)
This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/
If you need specific advice, you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com
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