#37 Tax Gains Harvesting: Explained, Strategies, and Financial Advantages

The Fiscal Physical Podcast

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Can managing your tax liabilities now save you thousands in the future? This week on the Fiscal Physical Podcast, we're joined by Ryan Nelson, the founder of Alchemy Wealth Management, to uncover the strategic world of tax gains harvesting. Ryan breaks down how this often-overlooked tactic can be a game-changer, particularly if you anticipate rising tax rates ahead. Using the example of a married couple with an $80,000 income, he illustrates how they could potentially realize $14,000 in long-term capital gains tax-free. It's all about making smart financial moves today to safeguard your wealth tomorrow, and Ryan’s insights make this complex topic accessible and actionable.
But it’s not all about numbers and tax codes. We also get personal, exploring those moments that make us feel like we've truly "made it." Ryan reflects on his own journey, sharing how a series of small victories led to his success as a financial advisor. Meanwhile, our co-host offers a heartwarming story about the life-changing moment when his son finally started sleeping through the night. These milestones, both professional and personal, remind us of the varied paths to fulfillment. We wrap up by inviting you, our listeners, to share your own stories and questions, ensuring that your voices shape the future of our podcast. Don’t miss this enriching blend of financial wisdom and personal triumphs!

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Chapter

1. #37 Tax Gains Harvesting: Explained, Strategies, and Financial Advantages (00:00:00)

2. Tax Gains Harvesting Strategies (00:00:01)

3. Personal and Professional Milestones (00:11:21)