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5 Shrewd Money Moves For Financial Overachievers

By Shahar Ziv

The automated investing service Betterment has an easy-to-read white paper providing a good overview of the strategy including its potential benefits. It behooves financial overachievers to learn about these benefits and determine whether they could gain from deploying the strategy. The potential upside from Tax Loss Harvesting includes tax deferral, shifting capital gains into a lower tax rate, the ability to offset up to $3,000 of ordinary income each year and most likely pay long-term capital gains tax on it later on, and the potential for permanent tax avoidance in certain cases like philanthropic activity or bequests to heirs.

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This article originally published January 11th, 2017 on Forbes


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