Consider These 3 Things Before the Year Ends
By: David Smyth, December 13, 2018
Finally, I want to talk about capital gains. For those of you who have Envestnet investment accounts with us, 2018 was an active year, and hopefully, we'll still see an end-of-year rally from Old St. Nick.
But, some of those changes have realized some long- and short-term capital gains in your portfolios. We are planning on realizing some of the unrealized long- and short-term capital losses to help offset the capital gains taxes that will be due by the April IRS deadline. You may see some activity in those portfolios that's not necessarily based on our opinion of the companies we own. However, due to recent market volatility, we have the opportunity to book losses that will help offset those capital gains taxes you'll owe in April of 2019.
As always, as my team and I are making our plans and setting our goals for our business in 2019, we welcome your comments and suggestions. Is there anything we can do to make your experience working with Family Financial Partners better? Please, give us a call. And please do use the phone - in our industry, "constructive criticism" emails may be considered customer complaints, and are not looked on favorably by our compliance department! In all seriousness though, I do love to hear what you have to say. Your feedback makes us stronger.
I look forward to a prosperous new year, and I truly do value the opportunity to work with each and every one of you. On behalf of our entire team, we appreciate that you've chosen to work with us. And, as you're gathering with family and friends this holiday season, please, keep us in mind. If you think of anyone we should meet, pass their information along so we can add them to our weekly thoughts, and perhaps sit down over a hot cup of coffee.