The gist of tax loss harvesting is realizing investment losses to offset investment gains or earned income. While that seems fairly straightforward, is anything really ever straightforward when it comes to the government and its tax laws?
As a financial advisor, I know you rarely have “financial goals” in life, but rather you have life goals which require financial means. A huge part of my job is helping align your financial life with your overall life goals. In order to do that, my planning process, the Custom Wealth Architect™, helps me learn what your life goals are so I can help plan for you to meet them.
Because investing is WAYYYY to broad of a topic for one blog post, we’re breaking it down and just covering equity classes in this post. Equity assets are generally broken down by three methods: growth vs. value, location, and market-cap.
You'll never be financially independent (and that’s a GOOD thing!) – you’ll use money to take those dream vacations; you may give some to your children and grandchildren when you pass; you’ll always have to use it in some form or fashion, so you’ll want to have a plan for it.
“Selling in May” only to return a few months later in the hopes of capitalizing on winter gains is, put simply, an effort to time the market. And while it is often bad mouthed, market timing isn’t inherently bad.
Led by efforts from President Donald Trump, the Tax Cuts and Jobs Act (TCJA) was enacted in December 2017 and was the largest overall change to tax laws in more than 30 years. But what exactly did this tax reform do, and does it REALLY matter?
