Tax Loss Harvesting: Opportunities and Obstacles

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lemon-picking  So much of investing is beyond our control (picking stock prices, timing market movements and so on), it’s nice to know that there are still a number of “power tools” we can employ to potentially enhance your bottom line. Tax-loss harvesting is one such instrument … although the analogy holds true in a couple of other ways: It’s best used skillfully, ...

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5 Smart Year-End Tax Strategies

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year end tax strategies

If you manage tax planning through a holistic wealth management approach and look at a multi-year financial projection; it tends to uncover trends and opportunities to reduce your tax exposure. While the general rule in tax planning is to defer income and accelerate deductions, holistic planning will help you uncover additional opportunities for tax savings and enhance your overall financial plan.

TIP: Make sure your ...

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Financial Tips on Tax-Efficient Investing – Part II: Teamwork

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taxes

In our last Financial TIPs on Tax-Efficient Investing, “Investment Manager Selection,” we explored how to engage in year-round tax-efficient investing by adopting your own best practices as well as by favoring fund managers who are likewise keeping a tax-efficient eye on their offerings. There are two other important areas to tend to as part of your due diligence: your investment portfolio’s tax-efficient management and your advisers’ tax-efficient teamwork.

Proper Portfolio Management: The ...

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Financial Tips on Tax-Efficient Investing- Part 1: Investment Manager Selection

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tax cost

One of my favorite quotes was written by Supreme Court Justice Learned Hand: “Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury… for nobody owes any public duty to pay more than the law demands”. With the October 15th “tax return filing deadline” upon us it is an optimal time to ...

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