Tax Strategies
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Posted on March 4, 2024 by Dan Pascone
Harvesting Tax Losses to Beat Capital Gains
TL;DR Answer Box Tax loss harvesting is the strategy of selling investments at a loss in a taxable account to offset capital gains and potentially reduce taxes. For high earners, the biggest value is usually offsetting realized gains, not the $3,000 ordinary income deduction. The strategy works best when you avoid wash sales, keep your […]
Posted on February 27, 2024 by Dan Pascone
How to grow your wealth, not your tax bill
TL;DR Answer Box Reduce taxes for high earners is less about finding a magic deduction and more about controlling when you recognize income and where your dollars compound. Two strategies that may move the needle are Roth conversions (pay tax intentionally now for tax-free income later) and a properly designed life insurance retirement plan (LIRP) […]