#50 How to Turn Market Losses Into Tax Savings

Episode #50: Tax Loss Harvesting – Turning Market Volatility Into Tax Savings Market volatility can be unsettling—but what if a market downturn could actually help lower your taxes? In this episode of Retirement GPS, Ryan Zacharczyk, CFP®, breaks down one of the most effective tax strategies available to investors with taxable brokerage accounts: tax loss harvesting. Learn how strategically realizing investment losses can help offset future capital gains, reduce taxable income, and improve your long-term after-tax returns—all while staying invested and maintaining your overall investment strategy. In this episode, you'll learn: What tax loss harvesting is and how it works Why this strategy only applies to taxable investment accounts How harvested losses can offset capital gains and reduce taxable income The IRS wash sale rule and common mistakes to avoid Why retirees and long-term investors can benefit from tax loss harvesting If you're investing for retirement, managing a taxable portfolio, or simply looking for smarter ways to reduce taxes, this episode will help you understand how market volatility can become a valuable financial planning opportunity instead of something to fear. 🎙️ Subscribe to Retirement GPS for weekly insights on retirement income, taxes, investments, Social Security, and financial planning strategies designed to help you retire with confidence. #RetirementPlanning #TaxLossHarvesting #Investing #CapitalGains #TaxPlanning #Retirement #FinancialPlanning #WealthManagement #RetirementGPS