Most investors know about tax-loss harvesting. But not many talk about tax-gain harvesting.
And depending on your situation, it could be one of the most valuable tax planning opportunities available.
If you are:
• In a lower-income year
• Between jobs or transitioning careers
• Recently retired
• Early in retirement
You may have an opportunity to strategically realize long-term capital gains while paying 0% federal capital gains tax.
Why does this matter?
Because harvesting gains can allow you to:
▪️ Reset your cost basis higher
▪️ Rebalance investments with less future tax impact
▪️ Create more flexibility in retirement income planning
The key is timing.
A decision that looks unnecessary today could create significant value years down the road.
One important highlight for retirees: realizing gains can impact Medicare premiums through IRMAA.
Taxes aren’t just something you deal with in April.
The best strategies are often the ones you plan for years in advance.
#taxplanning #financialplanning #wealthmanagement #retirementplanning
#taxes #capitalgains #olympuswealthstrategies
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