Tax-Loss Harvesting is not an Integrated Income Tax Plan
Incorporating taxes with an investment plan is one area most investors want assistance with from a financial advisor. Lately, there has been a pitch from online investment firms (sometimes referred to as “robo-advisors”), which claim their technology automates a plan for maximizing tax-efficient investing. What they have to offer though, tax-loss harvesting, may really not be a benefit to the majority of their clientele. Tax-loss harvesting is the practice of selling investme