2 Question Tuesday – 12/27/2022 – Tax Loss Harvesting & RMD FAQs

Welcome to 2 Question Tuesday. This week’s client submitted questions were:

  1. Where should I look to sell for tax loss harvesting this week?
  2. How much should my RMD be, and when should I take it?

Phil, Mike, and Larry discuss tax loss harvesting, the process where you sell securities that have losses for the year to offset capital gains produced from selling other securities during the year. This is a great way to lower your tax bill. They talk about what moves you should make this week. They then discuss the new rules for taking Required Minimum Distributions, or RMDs, from IRAs and 401k plans. They also explain how to determine how much your RMD should be and when you should take it.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Special guest host Lawrence Carrel’s books available available at Amazon.com