Your financial adviser should not only manage your portfolio for investment returns, but for tax efficiency as well. While tax loss harvesting is often considered at the end of the year, this classic strategy can and should be used by advisers throughout the year to help control their clients’ tax liability. By working closely with our clients and their tax advisers, our experts are able to keep in mind other income that could be offset by tax loss selling.
If you are disabled and unable to work, you may be eligible for a government-sponsored disability insurance program. Learn more in this week’s Insurance Tip.
New rules offer students more protection when excess financial aid is added to a prepaid college debit or credit card. We explain in this week’s Financial Tip.
Indices closed well into red territory on Friday. Stocks sold off amid news of the Brexit voting results. The pro-exit vote impacted stocks and oil prices. Financial brands such as Deutsche Bank, Royal Bank of Scotland, Bank of America and JPMorgan Chase traded lower.
Employers may consider a death benefit only life insurance plan as a benefit for highly compensated employees. Read more in this week’s Business Tip.