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April 16, 2018

Is tax-loss harvesting just a gimmick?

  • You get a tax break today and put off paying taxes on future gains until later. The higher your tax rate, the better the benefit.
    • By JIM ROYAL
    NerdWallet

    Leading automated financial advisers — often called “robo-advisers” — such as Wealthfront and Betterment tout daily tax-loss harvesting as a way to significantly increase your returns. But independent research suggests the technique has less effect than claimed and may be more a gimmick than a true advantage for investors.

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