There are plenty of things you can harvest, and it’s even harvesting season, but did you know that you can harvest your taxes? Investopedia defines tax-loss harvesting as the selling of securities at a loss to offset a capital gains tax liability. This can be an effective investment strategy and is typically something considered at the end of the year.
If you’re interested in discussing how tax-loss harvesting can fit into the current strategy we’ve established, please contact the office.
Wishing you a bountiful harvest season!
Cetera does not provide tax advice.
Is Tax-Loss Harvesting For You?
September 18, 2020