Where stocks and other liquid assets are concerned, nearly all of us are familiar with the time-tested axiom, “Buy Low, Sell High.” But, as much as we try to adhere to that principle whenever possible, there are times when it does make sense to sell at a loss, specifically, when tax time rolls around, as doing so can provide some decided benefits. This is a strategy known as tax-loss harvesting, and despite its potential advantages, several factors must be taken into consideration before deciding whether to put it to use. And, please rest assured that no tractors or other farming equipment is involved.

In this new episode of A Place of Possibility™, we’ll cover the nuances of tax-loss harvesting, including the factors determining whether or not it makes sense in a given situation.

We’ll be talking about:

• What tax-loss harvesting entails
• Why tax-loss harvesting can be a powerful financial strategy at tax time
• When tax-loss harvesting makes sense . . . and just as important. . . when it DOESN’T
• An additional gifting strategy to fund college education that surprisingly quite often makes more sense than traditional college financing

And more!

Our objective with this episode is to enhance your understanding of this potentially powerful strategy that can substantially reduce your tax liability under the right circumstances. Because knowledge is power, right? We look forward to sharing some of our insights on tax-loss harvesting with you and hope you’ll pass this episode on to your family and friends.