Phil, Mike, and Larry discuss tax loss harvesting, the process where you sell securities that have losses for the year to offset capital gains produced from selling other securities during the year. This is a great way to lower your tax bill. They talk about what moves you should make this week. They then discuss when the new rules for taking Required Minimum Distributions, or RMDs, from IRAs and 401k plans. They also explain how to determine how much your RMD should be and when you should take it.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.