Losses Can Be Good

Sell your losers to boost net returns and reduce your capital gains tax liability Tax loss harvesting should go in coordination with rebalancing your portfolio. The idea is very simple – sell the investments you’re currently losing money on to offset your current tax liability or future tax liability. The taxes we’re talking about hereContinue reading “Losses Can Be Good”

Savings vs Debt vs Investing

While everyone’s financial plan differs in some way, we’re still united by the common goal of growing our net worth so that we have enough capital to fuel the lifestyle we’ve planned for. Assuming you have excess cash flow net of day to day lifestyle expenses and commitments, there are only three things you canContinue reading “Savings vs Debt vs Investing”

Investing for Retirement

Should I invest my Roth or IRA first? Also what’s a 401(k)? These are all accounts you invest in during your working years and spend during your retirement years. The main difference between them is when taxes are paid. Traditional IRAs and 401(k)s are tax deferred accounts while Roth IRAs and 401(k)s are tax freeContinue reading “Investing for Retirement”