Planning Briefs
4 Year-End Strategies For Investors
Published Tuesday, August 30, 2016 at: 7:00 AM EDT
The end of the year is a great time to assess your current investments from both a tax, and a financial perspective. Depending on your situation, you might rely on four key strategies to improve your tax picture this year:1. Capital loss harvesting: Capital losses can offset taxable capital gains, and if your losses for the year exceed your gains, you can use the excess to offset up to $3,000 of highly taxed ordinary income, such as the salary from your job. If you still have an excess loss, you can carry it over to next year and then perhaps...
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- 5 Key Documents In An Estate Plan
- What's The Truth About Probate?
- Remember The Lesson Of Rebalancing
- Tie The Knot For Retirement With A Spousal IRA
- Higher-Paying Job May End Up Costing You
- 4 Cornerstones Of Diversification
- With Or Without The New Fiduciary Rule, We Have Your Back
- Social Security Options Remain
- Do Robo Advisors Have Glitches?
- Cash In On This Gift Tax Break For Section 529 Plans
- Millennials Want To Save More And Resist Impulse Purchases
- Starting A Retirement Plan? SIMPLE
- Do You Have To File An FBAR Now?
- Views On Retirement Communities
- SS Benefits: Tax Danger Ahead!