Portfolio Review: 2010 Tax Loss Harvesting

Review Your Investment Portfolio – Harvesting Tax Losses

Each year, we assess our clients’ taxable gains for the year and review each of their portfolios to determine if there are securities that could be sold to recognize tax losses.  By selling loss positions and recognizing the loss, an investor can offset current year capital gains as well as a limited amount of other taxable income.  This is a practical move that can result in substantial tax savings.
If you are not one of our financial advisory clients, you will need to make sure to handle this on your own or ask your broker or financial advisor to do this for you.  It’s certainly worth taking a look to see if this move could save you money.  If you would like our help in reviewing your personal situation, we would be happy to assist.  Just email or call to arrange a time.

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