it blows my mind that you're not aware of the zero percent tax bracket now i'm not mad at you i'm

mad at the system that didn't teach us this earlier but this is something that exists for everyone

and most people just aren't even aware of it this was the first thing that absolutely blew my mind

and when i found out about this i literally wanted to tell all of my family and they were like, hey, I get you're excited about this because this is what you do, but I don't know if this is going to apply to me. And I said, no, it does. Let me tell you about it. So this is what I'm going to be talking about today. It's called tax gain harvesting. Many of you are familiar with something called tax loss harvesting. So you might be wondering if I just misspoke by saying tax gain harvesting. Now, although I have certainly misspoke before, because I am not perfect, but I will say that right now I am not misspeaking. And tax loss harvesting, that's a very basic principle to actually try to harvest losses.

Otherwise said, bank losses to offset against future gains.

Even that, many of you are familiar with the phrase or you're like, I know I should be doing it,

but I just don't have time to do it, or my advisor's currently doing it.

So I don't know

the details. You don't need to know about tax loss harvesting because I don't think it's nearly

as cool or applicable as tax gain harvesting when it comes to an early retirement. Now, it's

certainly helpful. We personally, we do it for our clients. But the simple way to think about it is let's pretend

you bought Apple stock for $5,000.

And you also bought Coca-Cola for $5,000.

And Apple stock went up, so 5,000 became 6,000, and Coca-Cola went down from 5,000 to

3,000.

Most people just go, okay, that's what happened to my portfolio.

That's not optimal. If you wanted to sell Apple stock, which went up 1,000, and sell Coca-Cola,

which went down 2,000, you could actually offset those to one another and bank $1,000 in losses. You can do that up to $3,000 every single year,

and it's a cool strategy. It's something that's very simple. I kind of equate it to if you go to

the doctor's office and you go, I want to take care of my health. What should I do? They're going to

tell you to drink water, exercise, and sleep. Tax loss harvesting is one of those things.

Make sure to save to the right at your retirement account.

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