Year End Tax Strategies Most People Miss

You know what keeps me up at night, besides JT's terrible dad jokes at the office... (sick burn!!!!!)

Okay okay.... back to it...

So, what keeps me up at night.... watching people overpay on taxes because they missed some simple moves.

Here's one that flies under the radar... harvesting tax losses. I know, I know - sounds about as exciting as watching paint dry. But stick with me for a minute.

If you've got investments that are down this year (and let's be honest, who doesn't?), you might be sitting on a tax-saving goldmine. 

Now one thing.... we are NOT financial advisors so we aren't the ones to g over the finer details. We know the basics and then we say, go talk to our partner X at Insert Investment Firm.

And right, it depends on your needs. Maybe you need tax harvesting and we know the guy at Northwestern Mutual. Or maybe a SEP... cool, we got a guy at Edward Jones. And the list goes on and one. 

Right, the best financial advisor for you, maybe not be the best for me if we have different goals. And that's totally okay. That's exactly why we like to have referral partners that do the things we don't :)

So for today's post, I'm not gonna suggest you go do XYZ with your investments or retirement. Instead, just putting it on your radar that it's best to check with your financial advisor if there are some benefits you might be able to take advantage of before the year ends. 

Here's a clip of JT speaking with a client recently about disability, life insurance, and other investment and retirement stuff. https://www.instagram.com/p/DAExXsLp2DM/