Tax-loss harvesting means selling investments at a loss to offset realized capital gains and up to $3,000 of ordinary income per year, with unlimited carryforward of unused losses.
For high-net-worth investors, direct indexing enables systematic harvesting at the individual-security level, generating 1%-2% of annual tax alpha.
You’ll need to watch wash-sale rules, which prohibit repurchasing the same or a substantially identical security within 30 days before or after the sale. Coordinating harvesting across all your accounts — taxable and retirement — may help enhance overall tax efficiency and support your long-term financial goals.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
