Let's talk about tax loss and tax gain harvesting in this, the 23rd episode of the Retirement Planning Education Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, social security, Medicare, portfolio withdrawal strategies,

annuities, estate planning, and much more. And now here's your host, Andy Panko.

Welcome back, everyone. Welcome to the Retirement Planning Education podcast. Today I'm going to be

talking about tax loss harvesting and tax gain harvesting. Now, as I was thinking about sketching out the notes,

the talking points to this show, I sort of thought about that episode of Seinfeld where Kramer

says, you just write it off. You know, just write it off. Just write it off. And Jerry looks at

him and says, you have no idea what that means, do you? And Kramer didn't. So I sort of feel like tax loss harvesting is something that everyone sort of loose or a lot of people sort of loosely know about. They think they understand it. But when push comes to shove, I think it's not fully understood by folks. They just kind of say it and throw the word around without fully knowing what

it means. And even some advisors, I think, although hopefully they better know what it means than the

average folk. I think it's what I'm trying to say. I guess it's not as big of a deal, not as

potentially valuable of a thing as a lot of advisors make it out to be like, oh, we do

tax loss harvesting and it's a huge value at it. And sure, there is value to be had on the fringes,

as you'll see today. But anyway, it's not this revolutionary, you know, turn your whole financial

plan upside down for the better type thing. And it's not specific to retirement or retirees.

I am discussing it here in the retirement planning

education podcast. And it can be used. So some of the good planning opportunities for this are during

the retirement years, specifically the early retirement years where you haven't yet started pension

or social security and you have a lot of control over the taxability of your income,

there could be some great opportunities for tax loss and tax gain harvesting for retirees.

But this isn't specific to just retirees.

I mean, anyone can do it.

So what it is in a nutshell, and I'll dig into it obviously, but at a super high level,

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