Profiting from Losses
Retirement Talk Podcast with Laura Stover
English - May 03, 2023 10:00 - 31 minutes - 43.9 MB - ★★★★ - 38 ratingsInvesting Business 401k laura retired business financial investtalk lifestyle money moneymanagement ohio Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The market has shown some signs that it might be turning around, but we’ve seen quite a bit of up-and-down over the past few years. These fluctuations have created some nice gains at times for investors, but a lack of tax planning can keep you from maximizing your financial gains.
In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will delve into the power of tax harvesting and the role it plays in creating a comprehensive tax plan. Throughout the show, they will explain how ex-dividend date, the wash rule, and tax thresholds work and why these things are important for making investment decisions. If you don’t have a professional helping you with this, there are a number of potential pitfalls that we’ll discuss today.
Join us and discover how utilizing tax harvesting can be a powerful tool in your financial planning arsenal, allowing you to make the most of your income and helping you secure a comfortable retirement.
Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
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Timestamps (show notes):
2:09 – Is the market turning around?
6:24 – Repositioning assets for tax harvesting
10:37 – How does ex-dividend date fit into this?
13:30 – Understanding the wash rule
18:16 – Tips for avoiding tax thresholds.
25:42 – Expertise needed to execute tax harvesting effectively