The Tax-Savvy Way to Win: Capitalize on Market Downturns with Loss Harvesting
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The Tax-Savvy Way to Win: Capitalize on Market Downturns with Loss Harvesting
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About this listen
Most investors dread market downturns, but what if you could turn losses into long-term gains? There’s a smart, often underutilized strategy that allows you to do just that. It’s called tax-loss harvesting, and when used correctly, it can be a powerful way to reduce taxes and stay invested, even in bear markets. In this episode, Ryan, Ron and Nick break down how tax-loss harvesting works, when to use it, what pitfalls to avoid, and why this strategy is especially crucial in non-retirement accounts.
Here’s what we cover in this episode:
🧾 Turn downturns into tax breaks
🛑 Avoid the “wash sale” trap
🧠 Stay invested, skip the panic
🏗 Build your tax-loss piggy bank
Connect with us:
Web: https://wyzewealthadvisors.com/
Phone: 724-271-7019
Watch the show on YouTube: https://bit.ly/3Ssra3H