Mercer Advisors’ Post

It that time of year again: Tax harvesting time! Which just another way of trying to reduce the costs of the investing errors you made lol! It basically equates to taking the loss i.e. admitting you were WRONG (none of us are good at that) but justifying it by offsetting the loss against the investments where you were RIGHT! the net result is less or no tax on the profits you made. You should consider doing this EVERY year to be as efficient as possible. This is the area where a Financial Advisor really becomes helpful! #financialplanning #financialadvisor #retirementplanning #taxefficiency #taxadvantages

Smart tax planning can help you reduce your tax bill and increase your savings. Check out these savvy strategies that could put more money back in your pocket, from strategic asset management to clever investment account choices: https://bit.ly/3LdmoDd #taxplanning

Nobody wants to see their portfolio balance drop in a down market. But those underperformers could be a silver lining when it's time to reconcile with the IRS. Tax loss harvesting is one way to use market volatility to your advantage and keep your financial plan moving in the right direction. Jacob Malina, CFP®, CPWA®, AIF®, Wealth Manager, breaks down the ins and outs of tax loss harvesting, and how it can be a valuable strategy to help reduce your tax bill. #taxstrategy #taxlossharvesting #wealthmanagement

This is a question we are getting from many clients given the recently announced changes. Lots' to factor in to this decision including time value of upfront tax realization, personal vs corporate tax rates and funding tax liabilities especially when transferring an asset like a cottage. Want to discuss your potential impact and ideas on mitigating the impact, drop me a note and happy to discuss.

Smart tax planning can help you outsmart Uncle Sam and increase your #savings. Check out these savvy strategies that could put more money back in your pocket, from strategic #assetmanagement to clever #investment account choices: https://bit.ly/3LdmoDd #taxplanning #financialplanning

Smart tax planning can help you outsmart Uncle Sam and increase your #savings. Check out these savvy strategies that could put more money back in your pocket, from strategic #assetmanagement to clever #investment account choices: https://bit.ly/3LdmoDd #taxplanning #financialplanning

Watch for these 6 common missteps to help lessen the impact of taxes on your investment portfolio. 1. Missing out on savings from tax-advantaged accounts 2. Selling an asset before the 1-year mark 3. Miscalculating your cost basis 4. Neglecting opportunities to harvest your losses 5. Failing to harvest gains 6. Overlooking state tax planning

A MUST RAED!!!! Navigating through the capital gains inclusion rate;~ to maximizing your financial needs and goals. There are many factors in determining the optimal solution, it would be important as an investor to work through the detailed calculations with tax advisors based on your specific circumstances. As we know tax planning is an ongoing strategy to realign your finances with your lifestyle, goals, and future aspirations. Here's a case study illustrated by Vivek Bansal- Director of Tax and Estate Planning at Mackenzie Investments. One way to determine the optimal strategy is to look at the tax savings from triggering the capital gains earlier compared to the loss of tax-deferred returns on the cash used to prepay taxes. The comparison can be used to calculate a “break-even period” — the minimum years of tax-deferral growth required to generate an after-tax return greater than the tax savings. 📌Have questions or comments or need clarification....; connect virtually here ⏩️: https://lnkd.in/gC_7_Z44 #capitalgains #capitalgainsrate #wealthcreation #wealthpreservation #wealthtransfer #taxplanning #financialplanning #estateplanning

For those with significant investment losses in 2024, using a Tax Loss Harvesting strategy may help lower your tax bill. Learn more here or reach out to one of our professionals: https://hubs.li/Q02D3bRg0

Selling assets, realizing capital gains, and accelerating the payment of income tax earlier than you may have done so needs to be compared to staying invested or not selling the asset and ultimately paying the income tax in the future. You should consult with your wealth and tax advisors regarding your personal circumstances to review, discuss, and analyze any inherent capital gains in your capital property and before implementing any tax planning strategies. Reach out if you want to discuss your specific situation.