Reducing Capital Gains And Investment Taxes - 10/29/24 | Market Sense | Fidelity Investments

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[@Kseniaramesh]

It’s a tricky thing to navigate, and it feels like the rules are always changing.

[@Larry1-pl2wq]

You’re right. I know a couple of people who have been blindsided by taxes after selling stocks or real estate. They didn’t plan ahead and ended up paying a lot more than they expected. That’s the kind of mistake you don’t want to make as a retiree.

[@EmiliaSmith-h8v]

Absolutely. I had a similar experience when I sold a property last year. I didn’t realize how much the tax hit would be until it was too late. That’s something people really need to understand-timing and tax strategies matter

[@ArianaFelicia-cw7oq]

It’s so easy to get caught up in the excitement of growing your wealth and forget about taxes. But those taxes can erode a big chunk of what you’ve worked for, especially if you're not planning for them. One thing I’ve learned is that good tax planning should be part of any investment strategy.

[@FedrickWhite-jo2ed]

well, I can understand the wisdom behind working with these professionals because I’m completely aware of the psychological effects of bad financial decisions/investments

[@Retiredmco]

Guys so in order to potentially avoid Capital gain distributions. It's better to buy a mutual fund, index fund or ETF right AFTER the fund distributes it's capital gain quarterly? THANKS

[@helpfulreviews9319]

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