As your personal CFO, I can work with you to increase your odds of success by helping you make better financial decisions. Together we'll talk through decisions to maximize your liquidity, flexibility, and net worth.
The hard truth is that we are faced with an uncomfortably wide range of future outcomes. If you retire at 65, how much money will you likely have at age 90? The truth is that there is an extremely wide range of outcomes. The future is inherently uncertain, and investing is inherently risky. Let’s work to reduce unnecessary risks and tighten the likely range of outcomes. Further, let's quantify our choices and odds of success.
Let’s not be haphazard as to where and when we pull assets from to fund our life. Let’s be disciplined and strategic, aiming to minimize taxes and maximize net worth over time. We will outline where we will be pulling assets from, when we will be pulling from there, and why. Hint: It's all abut tax efficiency.
Tax loss harvesting is the practice of selling securities in taxable accounts that show a loss. It offsets gains elsewhere in the portfolio and can shield up to $3,000 of income per year. We look for losses over the entire year, not just at year end.
The decision to pull money from an IRA or a taxable account matters. Rather than guess, or rotate between the two, we use math and tax law to guide our decisions.
We run the math to explain the implications of your financing and payment options for the below scenarios:
Copyright © 2017 Betavisor - All Rights Reserved.