2.4 • 606 Ratings
🗓️ 24 August 2022
⏱️ 24 minutes
🧾️ Download transcript
Today I'm kicking off a multi-part series on tax-loss harvesting.
In part one, I'm breaking down:
If you’re a retirement saver ready to learn all about tax-loss harvesting, you’re going to love this episode...and this series.
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0:00.0 | Hey everyone. Every week, in addition to this podcast, I write and send out a concise educational |
0:06.0 | article. The topics are focused purely on retirement, tax planning, and smart investing. |
0:11.5 | For example, my email going out tomorrow is a summary of what you need to know about the 300-page |
0:16.8 | inflation reduction act that was just signed into law. If you're not subscribed to the |
0:21.5 | Stay Wealthy e-newsletter, you can get signed up by going to you staywealthy.com forward |
0:26.8 | slash email. That's you staywealthy.com forward slash email. But I've also included a link |
0:32.5 | in your podcast app to make it even easier for you. Just open up the description for this episode in the app that |
0:39.0 | you're using right now to listen and look for the link that says subscribe to the newsletter. |
0:44.3 | Okay, on to today's show. Welcome to the Stay Walthy Podcast. I'm your host, Taylor |
0:53.3 | Schulte, and today I'm kicking |
0:54.5 | off a multi-part series on tax loss harvesting. Here in part one, I'm breaking down what tax |
1:00.2 | loss harvesting is and how it works, how to avoid getting in tax trouble, and finally, five |
1:06.5 | little known things to know about wash sale rules. So if you're a retirement saver ready to learn |
1:11.8 | everything that you need to know about tax loss harvesting, you're going to love this episode |
1:16.5 | and this series. For all the links and resources mentioned today, head over to you staywealthy.com |
1:21.7 | forward slash 165. |
1:27.3 | Tax loss harvesting helps turn a dip in the market into a tax deduction. |
1:32.4 | This investment strategy can help you lower your overall tax bill. |
1:36.5 | On average, we've added an extra 1.8% to our clients after tax returns. |
1:42.1 | Those are claims made by some very popular online investing services |
1:46.1 | taken straight from their website. And these claims coupled with mountains of advertising |
1:51.1 | dollars and brilliant marketing teams have really put the spotlight on tax loss harvesting |
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