Understanding Tax-Loss Harvesting:
Volatile markets provide unique opportunities for tactical trades that have monetary benefit outside of the capital appreciation of your holdings.
Tax-loss harvesting is a sophisticated strategy that enables investors to capitalize on market fluctuations. This approach involves selling investments at a loss, then replacing them with another investment, and using those realized losses to offset other capital gains and taxable income. The net result is less of your money goes towards taxes allowing more to stay invested and working for your goals.
For our clients with meaningful tax-loss harvesting trades, we will be in touch with the details.
For a deeper dive into tax-loss harvesting, please refer to this detailed guide.
Nadine Thibault, CFP®, BFA™ | It is our mission to help you think differently about your wealth so you can LIVE WELLthy™ today and tomorrow.