Today’s market environment is increasingly challenging for investors. Long-term capital market assumptions forecast U.S. equities returning a meager 4.1%, a decline of 1.4% from 2020. Alpha is harder to come by for even the most skilled active managers. As a result, tax management has come to the forefront, as an extra 1% per year or more potentially achieved through tax loss harvesting is a significant improvement for clients, and the savings can add up substantially over time.
Read Dennis’s whole piece published on Think Advisor here.