Bogleheads On Investing Podcast Episode 054: Christine Benz discusses taxes and safe withdrawal rates in retirement, host Rick Ferri
17 snips
Jan 29, 2023 AI Snips
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Tax-Loss Harvesting
- Review your 2022 tax forms for capital gains distributions, especially if your portfolio experienced losses.
- This can indicate tax-inefficient holdings in taxable accounts, suggesting a need for adjustments.
Tax Loss Harvesting with Bonds
- If you hold taxable bonds in a taxable account and experienced losses, sell them to realize the loss.
- Use that loss to offset gains elsewhere and potentially switch to municipal bonds if you are in a higher tax bracket.
Cost Basis Selection
- In taxable brokerage accounts, consider using the specific share identification method for cost basis.
- This allows for strategic selling of shares to minimize taxes, unlike the averaging method.