KEY POINTS
- If the current stock market rally added profits to your portfolio, tax-gain harvesting could help rebalance your assets or reduce future taxes.
- The lesser-known approach involves strategically selling profitable brokerage account assets while in the 0% long-term capital gains bracket.
The 0% capital gains bracket could also be an opportunity to “rebalance or divest of a concentrated position,” especially for new retirees who haven’t yet started required minimum distributions, said CFP Edward Jastrem, chief planning officer at Heritage Financial Services in Westwood, Massachusetts.
Click to read the full article on CNBC.com
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