Capital Loss Tax Strategy Requires Planning
Just because a loss is sustained does not mean nothing can be recouped. But investors should have the entire picture before making moves in this area. Monetary benefit comes from capital losses in the form of taxes you would have paid without those losses. Figuring your tax rate is complicated. But a lot of capital gains …
The Importance of a Good Accountant
Having a qualified tax advisor saves considerable trouble. When you are just starting out this is not something to be concerned with. If all you have is a W2 and a couple of mutual fund 1099′s any number of freely available tax filing software programs will get the job done. Once you accumulate some assets …
Your Public Library May Be a Resource
Your local public library very likely offers valuable investment data. The idea of using a library might seem out of date. But nothing could be further from the truth. Until recently I had not visited a library in years. Things like cost basis research used to warrant a trip from time to time. But the …
Never Keep All Assets in One Institution
Financial Institutions frequently try to convince investors that it is great to hold everything under one roof, despite the fact it is a terrible idea. The most frequent sales pitch seems to be that it creates ease of record keeping. They often have attractive portfolio allocation monitoring tools with all sorts of charts and graphs. …