As major indexes rebound from recent drawdowns, investors face the challenge of managing portfolios that may look very different than they did at the start of the year.
One strategy to consider is tax-loss harvesting, an approach that not only helps optimize tax efficiency, but can also maintain a balanced portfolio to help weather future market fluctuations.
What is tax-loss harvesting?
Tax-loss harvesting is a financial strategy that involves selling investments that have incurred losses and using those losses to offset the capital gains tax owed on other investments.
