Tax Loss and Gain Harvesting is this week’s featured topic.
Tax loss harvesting is one of the many advantages of investing in a taxable account. While there are several robo-advisors that can do this for you automatically, those who invest on their own may or may not be aware of these money-saving techniques.
The Oblivious Investor’s Mike Piper wrote an essay on tax loss harvesting that was my first introduction to the subject. What is tax loss harvesting and how does it work? These are some of the topics he covers. The Wash Sale Rule is also discussed, and he provides some examples to illustrate his point. Later, he wrote an article on tax gain harvesting, which is a less-known method. These posts are worth bookmarking, so don’t miss out.
Roundup of Personal Finance Websites
What are your thoughts on buyer’s regret, if any? Certainly, I have done so. Certainly not the most pleasant sensation. Fortunately, Reid at Wealth Rehab has come up with four techniques to prevent buyer’s remorse.
Kate from Making it Her savings rate was pleasantly surprising to Rain when she computed it. But she’s not content with that; she’s going for the extra 1% and putting even more money away.
I particularly enjoy reading the more recent personal finance blogs. Being a novice blogger myself, this isn’t shocking to me. I’m constantly torn between how much information I want to divulge and how much I want to keep private. The Millennial Boss is a personal finance blogger who chronicles her growth as a person and as a person’s perspective on money changes.
Most homeowners have heard the advice, “Don’t pay off your mortgage too quickly or else you’ll miss out on that interest deduction,” at some point. Keep Thrifty’s Chris isn’t having it, and he’s on to them. Learn how he fact-checks the deduction for interest paid on a house mortgage.
There is a lot of work involved in paying off debt. Straightforward and uncomplicated. As far as the Financial Panther is concerned, it’s impossible to get out of debt.
There are ways to pay off your debt, so don’t worry about it. Power Over Life’s Jacob Merkley has a debt-reduction strategy that’s right up your alley!
