Barse said he is urging clients to take a proactive approach to see how they can take advantage of current market conditions.
Certified financial planner Marguerita Cheng, CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland, said she had her 25-year-old daughter fully fund her Roth IRA account over the weekend. "The best thing for you to do is not panic," Cheng said she told her daughter. Cheng also said that if someone is in a good position, now is a good time to invest.Investors may also want to consider Roth conversions, Barse said, which involves transferring retirement assets from traditional IRA or other pre-tax retirement account to post-tax Roth IRA. The transfer will create a tax liability now, which could be reduced in a down market.
Tax-loss harvesting enables investors to sell investments at a loss and replace them with other securities. This can help reduce the taxes paid on investment gains or other taxable income. Importantly, investors would need to hold off on buying the same or similar securities within 30 days before or after the sale, so as not to run afoul of IRS wash sale rules and trigger penalties.
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada's Parliament extends Trudeau's emergency powers over protestsTrudeau told reporters there are 'real concerns' about further threats from protesters in the coming days. Earthing is good at prevent & help fight almost all health problem, it's easy to DIY a grounding mat,pillow or sheet to use at home, no need to buy.🏠😷👣🌎 wearmask StaySafe Very happy this happened. Most Canadians are. 🇨🇦 Canada is fortunate not to have Congressional Republicans who believe that the January 6 insurrection was a 'legitimate political discourse'.
Source: axios - 🏆 302. / 63 Read more »
Tribal nations to get $1.7 billion in tribal water rights settlements from Interior DepartmentSixteen tribal nations will receive $1.7 billion as part of Indian water rights settlements, Interior Secretary Deb Haaland announced today. Not even a drop in the bucket for the way the Tribes have been treated POTUS VP SpeakerPelosi TheBlackCaucus Repair the damages this country has inflicted upon Black people for centuries! We demand Reparations! No justice no peace! ReparationsNow BlackLivesMatter
Source: axios - 🏆 302. / 63 Read more »
Duchess Kate slides down kids' slide in solo visit to DenmarkKate laughed as she went down the slide at a kids' museum in Copenhagen. 기축통화-라는듯 국가간의 거래 개인저축수단?인듯 돈넣고 돈먹기식의 외환관리? 케인즈경제의 영국 미국식인듯 현세계경제는 미영불중소의 화폐가 가치있는듯 Bbf의 경제이론은 1$는 1000원 이며 기축통화라는 개념과 다르니 혼돈 왜곡하지마세요 Piu의 우수성 Shes a credit to the royal family. No news day? Nothing to do with news, you also don't follow a builder around all day doing funny shit!
Source: ABC - 🏆 471. / 51 Read more »
9 Health Reasons You May Feel Cold All the TimeConstantly feeling cold is uncomfortable—and it can be a sign of underlying health problems.
Source: PreventionMag - 🏆 141. / 63 Read more »
Anchorage School Board approves contracts with district's teachers, support personnel - Alaska Public MediaThe three-year contract with Anchorage teachers includes salary increases and more opportunities to move across the pay scale.
Source: AKpublicnews - 🏆 387. / 55 Read more »
U.S., European Allies Launch Array of Sanctions Against RussiaThe U.S. and its European allies announced a broad range of sanctions against Russia Tuesday, including blacklisting two major banks and halting the Nord Stream 2 natural gas pipeline Europeans will soon receive payments for gas with new prices Putin fears NATO and only NATO,so bring Ukraine into NATO and flood with overwhelming force...Putin will leave then and only then
Source: WSJ - 🏆 98. / 63 Read more »