Retirement Talk Podcast Episode

154. Profiting from Losses

May 3, 2023
Tax harvesting

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/ 

Rate, Review and Subscribe to the Podcast:

https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188

How to Connect:

redefiningwealth.info
lswealthmanagement.com

Schedule a Review:  https://redefiningwealth.info/schedule/

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

 

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