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26 - Investing Controllables Part 9 - Tax-Loss Harvesting

26 - Investing Controllables Part 9 - Tax-Loss Harvesting

March 31, 2023

Ideal For: Discerning Investors Exploring Tactical Tax Strategies

Decoding The Strategy: Regular market ebbs and flows can sometimes lead to temporary losses in specific investments. Tax-Loss Harvesting transforms these potential drawbacks into a proactive strategy by utilizing them to offset future capital gains.

Who Stands To Gain? If you possess a taxable account, this approach could be a valuable addition to your financial toolkit.

Why Should You Care? Taxes often play the unseen antagonist in your investment saga, potentially dwindling your overall portfolio. Implementing tax-loss harvesting can help minimize capital gains taxes over time, thereby enhancing your net after-tax results.

Your Next Move: Start by investigating if your advisory or brokerage firm provides tax-loss harvesting. It's worth noting that an increasing number of robo-advisors now offer this feature as part of their services. Leveraging tax-loss harvesting could be an instrumental step in fortifying your portfolio's tax efficiency and improving your financial resilience. Remember, in the finance battlefield, it's not just about how much you earn - it's about what you retain after taxes.