Counteracting Capital Gains with Tax-Loss Harvesting
Tax-loss harvesting means taking capital losses (selling securities for less than what you initially paid for them) to offset any capital gains you may have. While this doesn't get rid of your losses, it can help you manage your tax liability. Learn more about how this strategy works and potential drawbacks.
Taxable vs. Tax-Deferred Savings
When it comes to investing, tax deferral can be a powerful tool. Use this calculator to help compare the potential future value of an investment being subject to income tax each year with deferring the tax until funds are withdrawn.