“I truly believe that the reason people don’t live out their ideal life...is because they don’t know where to learn.”
— Stephen Alred Jr.

Term of the week: Tax-loss Harvesting

Tax-loss harvesting is the action you take to dump your investment losses in order to offset your capital gains tax liability. In employing tax-loss harvesting, you are also able to avoid recognizing short-term capital gains and shift to long-term capital gains. Why would you want to do that? It's simple. For the average american (in the 31.5% tax bracket) the long-term capital gains tax rate is 15%, and the short term capital gains tax rate is approximately 33%. 


Don't know which tax bracket you're in. Check out this link: http://www.bankrate.com/calculators/tax-planning/quick-tax-rate-calculator.aspx

Q&A: Should I get rid of my credit cards?

Comparing Roth & Traditional IRAs...to candy