At this time of year much is written about the benefits of tax-loss harvesting. Finding losers to sell, however, may be a particularly difficult undertaking this year given the market’s performance. Instead of tax-loss harvesting, today’s article looks at “another tax-harvesting strategy [that] looks to be better suited to this year’s buoyant market conditions: tax-gain harvesting.” Why would investors want to pre-emptively realize a gain, what “small subset of the investing public” would benefit from this strategy – and why might new retirees be in its “sweet spot”? CLICK HERE.
The author of today’s article calls it “one of the more underutilized strategies for taxable investment accounts”. That strategy? Tax-loss harvesting, whereby poor performers are sold at a loss in order to offset that year’s capital gains – and lessen one’s tax burden. The author proceeds to identify areas that may offer the best opportunities to exploit the tax-loss harvesting strategy for 2017 – and how “tax-loss harvesting doesn’t have to be an all-or-nothing strategy.” To read more, CLICK HERE.
While ’tis the season for spending, the author of today’s article notes that “this is also the time of year when a few simple moves could also save…some coin”, and he proceeds to outline three such moves to consider before January 1st. Move #1? Think about tax-loss harvesting (including how you can take advantage of the IRS’ “wash rule” to get a tax break for losing positions in your portfolio that you still want to hold onto). To read more about tax-loss harvesting – as well as for the other two last-minute money saving moves the author identifies – CLICK HERE.