Tax-Loss Harvesting is not free money, but it still has some long-term benefits.
In this episode, Trishul and Aaron discuss all the nuances and caveats of tax-loss harvesting. It is definitely a good thing, but may be more of a tax-deferral than a genuine tax savings. Unless you can get a step-up in basis. The biggest benefit of tax-loss harvesting may come from the time value of money; the compounding growth on the money that didn't go to taxes at the beginning.
MMS #79. Tax-Loss Harvesting 101
7 Stages to Financial Freedom
VOO - Vanguard S&P 500 ETF
VT - Vanguard Total World Stock ETF
Fidelity: Tax-loss harvesting
IRA Wash Sale Rule
Wash Sale Challenge: What is substantially identical?
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.