Tax-loss harvesting is a way of lowering your tax burden when buying and selling securities in your portfolio. It uses the money you lose on one investment to offset the profit you make on another. In today’s volatile markets, tax-loss harvesting can offer you a way to make good use of some capital losses you […]
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2022 Year-End Financial Checklist: Prevent Tax Penalties and Missed Planning Opportunities
Every November, as Thanksgiving gives way to the busyness of year-end festivities, there’s a moment when you ask yourself if there is something you should be doing with your finances to protect your assets and minimize your taxes. This year, answering that question is more important than ever – as the U.S. faces persistent inflation, […]
10 Reasons Why You Shouldn’t Leave Your 401(k) with Your Ex-Employer
What Are the Choices for Managing Your Prior Employer’s 401(k)? The choices may seem quite simple, but there are pros and cons to consider: • Do nothing and leave your investments in your ex-employer’s 401(k), 403(b) or similar account. • Cash out your 401(k) and settle with the IRS on the taxes and penalties due. […]