Wealth accumulation often comes at a cost: higher taxes. However, there are ways investors with over $500k can lower their tax burden while growing their wealth. Manager of Wealth Management Services Franco DiLiberto shared insight into direct indexing and tax-loss harvesting as tax strategies for the wealthy. “Tax-loss harvesting involves taking advantage of opportunities to sell individual stock positions at a capital loss to offset existing or future capital gains,” he said. “Direct indexing involves purchasing a portfolio of individual stocks that replicates the performance return of a specific benchmark index, such as the S&P 500.” Click here for the full article.
