3 Ways Seniors Can Plan for Capital Gains Tax

It's never too late to plan to work toward a comfortable retirement.

Sponsored Content It's never too late to plan to work toward a comfortable retirement. Planning for retirement taxes can be crucial to effectively managing your finances once you've left the workforce, especially if you're still investing to grow your wealth. Worried about capital gains taxes in retirement? Discover 3 capital gains tax strategies for seniors. Click to learn more.   Smart Takeaways: Standard rules apply: The once-exclusive home-sale tax break for people over 55 now applies to everyone. Hold longer, tax less: Focusing on long-term investments may help keep realized gains in lower tax brackets. Use smart shelters: Tax-advantaged accounts and strategic loss-offsetting may be viable options for retirees to curb capital-gains tax exposure. Advisors may offer an advantage: A fiduciary financial advisor may be able to help weave these tactics into a broader retirement-tax strategy. If you're looking for a way to decrease your tax burden, we recommend finding a financial advisor. They can help you understand your options and look for ways to save money on your tax bill, make smart investments, and plan for retirement. Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.1   It's never too late to plan to work toward a comfortable retirement. Try SmartAsset's no-cost tool to find vetted financial advisors serving your area. Get your financial advisor matches today.   Try SmartAsset's Financial Advisor Matching Tool   Hire a pro. Find and compare vetted financial advisors serving your area, each legally bound to work in your best interest. Get Started This is not an offer to buy or sell any security or interest. All investing involves risk, including loss of principal. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Past performance is not a guarantee of future results. There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. SmartAsset.com is not intended to provide legal advice, tax advice, accounting advice or financial advice (Other than referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States). The article and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you consult your accountant, tax, or legal advisor with regard to your individual situation.   SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. SmartAsset's services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. SmartAsset receives compensation from Advisers for our services. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any user's account by an Adviser or provide advice regarding specific investments.   We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Sources:1. "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study. DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in the linked report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in the linked report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.    Unsubscribe   Buzzing Politics  |  a Dynamic Web Services Inc DBA MediaPub web property | 101 Marketside Ave. Suite 404 PMB 318 Ponte Vedra, FL 32081 bots

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