Being fully diversified and realizing that markets are inconsistent are very important in the process of Wealth Planning. Part of the goal is to retain your wealth before you ever consider even growing it. Rebalancing helps reduce the risk in the portfolio why increasing your odds of successful investment management.
Realizing losses and minimizing the tax burden throughout your relationship with Falcon Wealth Planning, Inc. helps with overall return since it reduces your tax liability. We simulated the potential after-tax benefit of our tax-loss harvesting and found that it added an average of at least 1.25% annually, net of commissions. The results are hypothetical only and should not be relied upon for predicting future performance.