cover of episode Tax Gain Harvesting: What is It and When to Use It

Tax Gain Harvesting: What is It and When to Use It

2020/12/1
logo of podcast Stay Wealthy Retirement Podcast

Stay Wealthy Retirement Podcast

Chapters

Tax gain harvesting involves realizing gains to pay taxes now, which can be more valuable than tax-loss harvesting. This strategy is particularly beneficial for those in lower tax brackets, especially during their gap years before required minimum distributions.

Shownotes Transcript

Today I’m talking about tax gain harvesting.

While tax-loss harvesting typically gets all the attention, realizing gains and deliberately paying taxes now can oftentimes be more valuable.

And once again, this strategy is not just for the ultra-wealthy...

In fact, those in the highest tax brackets probably shouldn’t pursue this tax planning opportunity.

So if you want to learn how to harvest gains and reduce your future tax bill in retirement, today's episode is for you.