Published November 14, 2023, by TheMessenger
As the year draws to a close, it’s time to shift our focus from holiday shopping to year-end tax strategies. Often overlooked until the last minute, year-end tax strategies can significantly impact your financial wellbeing.
Many Americans only think about taxes in the run-up to the April filing deadline. But leaping into action during the six weeks left in 2023 can add significant sparkle to an investment portfolio, both in the near term and over the long haul. That’s especially true for a tax strategy routinely deployed by investors that’s getting extra oomph this year from Wall Street’s volatility.
Karl Schwartz, our senior financial advisor at Team Hewins, shares some year-end tax strategy considerations for tax-loss harvesting.