The Third Bucket of the Financial Order of Operations - You Can Only Loss Harvest Inside of Taxable Accounts

You need a taxable portfolio, an after tax portfolio with meaningful losses. Not every holding should be lost harvested just because you have a loss does not mean you should harvest it. You only want to harvest those losses inside of holdings that are easily replicable across another set of holdings. If you're charitably minded, we have a strategy in a minute where you can actually over time increase your basis by harnessing the power of heart.