#36 Tax Loss Harvesting: What It Is, How It Works, and Benefits for Investors

The Fiscal Physical Podcast

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What if you could save a significant amount on your taxes simply by managing your investments more strategically? On this week's episode of the Fiscal Physical Podcast, we welcome Ryan Nelson, founder of Alchemy Wealth Management, to enlighten us about tax loss harvesting—a powerful tool that can help reduce your tax liabilities. Ryan unpacks the strategy of selling underperforming stocks to offset gains from profitable ones, ultimately leading to a net zero gain and no tax liability. He also shares actionable tips on how excess losses can be rolled over to offset ordinary income, making this episode a must-listen for anyone looking to optimize their financial portfolio.
But it's not all about finances; there's a heartwarming and humorous twist to the episode as Ryan reveals the charming story of how he met his fiancée, Katie, at a charity dodgeball tournament. Enjoy the laughter and competitive spirit as we recount their first encounter and draw parallels to my own story of meeting my wife in a bowling league. We conclude with a heartfelt thank you to all our listeners, a reminder to stay committed to your financial journey, and an invitation to subscribe, leave a rating, and share your thoughts and questions for future episodes.

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1. #36 Tax Loss Harvesting: What It Is, How It Works, and Benefits for Investors (00:00:00)

2. Tax Loss Harvesting Explained (00:00:01)

3. Meeting at a Dodgeball Tournament (00:11:23)

4. Personal Finance Podcast Promotion (00:14:33)