Tag Archives | losses

Planning Your Financial Future One “Step” At a Time

Key Takeaways Stepping up the cost basis of your assets can be a good planning tool when determining what assets to sell in your lifetime. If possible, consider passing taxable assets with large unrealized gains to your heirs. Assets that receive no step up include those held in any retirement accounts or annuities An investor […]

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Making Lemonade from Lemons (An Oldie But Goodie)

Key Takeaways • Don’t let taxes drive investment decisions • Every portfolio experiences losses at one time or another. Use those losses to your advantage • Be mindful of the timing of trades especially in light of the wash sale rules We often talk, especially towards year end, about loss harvesting or harvesting your losses, […]

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