What Strategies May Help Minimize Your Gapital Gains Tax Bill?

You May Be Able to Pay Less

Sponsored Don't Let Retirement Taxes Sneak Up on You Planning for retirement taxes isn't just smart - it's essential. Once you leave the workforce, unexpected tax burdens can quietly erode the savings you've worked your whole life to build. Don't wait until it's too late - uncover 3 high-impact areas where strategic planning may help minimize your capital gains tax, especially if your portfolio or real estate holdings have significantly appreciated. Click to learn more. Smart Takeaways (and Hidden Risks) Raise your cost basis: That means the IRS may see a smaller profit. You may be able to add selling costs (commissions, transfer/recording fees) or improvements to your home or rental property that adds value. Many investors may miscalculate this — and overpay. Use losses to offset gains: In taxable investment accounts, realized losses can reduce gains. Don't trigger a wash sale (selling and rebuying the same investment within 30 days). Check with a fiduciary financial advisor to see if this may be the case for your accounts. Give appreciated investments to charity: You may minimize capital gains on the donated shares and may get a deduction. (Limits can apply). Taxes don't stop when your paycheck does — and failing to plan can cost you far more than you expect. SmartAsset's latest proprietary model reveals that working with a financial advisor could potentially add from 36% to 212% more dollar value to investors' portfolios over a lifetime, depending on multiple unique, individual factors.1 It's never too late to work to protect your retirement from tax surprises. Try SmartAsset's no-cost tool to find vetted financial advisors serving your area — before another tax season catches you off guard. 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. SmartAsset 122 E 42nd St #4300, New York, NY 10168 This is a hypothetical example for illustrative purposes only and is not representative of an actual client or security. Actual results when working with a financial advisor will vary. 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: "The Value of a Financial Advisor: What's It Really Worth?" SmartAsset (Nov. 2024).   This email is a paid advertisement. It is for a product and/or service that is not offered, recommended or endorsed by Income Signals and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. There is a very high degree of risk involved in trading. Past performance is not indicative of future results. The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. Income Signals and all individuals affiliated with this site assume no responsibility for your trading and investment results. The indicators, strategies, columns, articles and all other features are strictly for communication purposes only and should not be construed as investment advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. Your information may be shared with our educational partners. You must assess the risk of any trade with your licensed investment professional and make your own independent decisions regarding any securities or investments mentioned herein. Affiliates of Income Signals may have a position or effect transactions in the securities or investments described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.   This email was sent to penunggangbadai.moneyblog@blogger.com. Don't want to receive these emails anymore? Unsubscribe here.   Income Signals  |  a Dynamic Web Services Inc DBA MediaPub web property | 816 Highway A1A North, Suite 300 Ponte Vedra Beach, FL 32082

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