Stonegate Financial

Jameson Van Houten Published in the Phoenix Business Journal December 2014 Ask the Financial Experts


December 2014- Check out the Wealth Management section of the Phoenix Business Journal’s 2014 Ask The Financial Experts for educational and relevant topics.

Q: Is there anything I can do to save on taxes before year end?

A: While every situation is unique, there may be some year-end actions you can take to reduce you 2014 tax bill beyond just maximizing retirement plan contributions. “Harvesting losses” to offset realized rains in your investment portfolio can significantly reduce taxes that can be as high as 23.8% for long term capital gains and 43.4% for short term capital gains and other investment income. For investors subject to the new 3.8% Medicare surtax on net investment income, we can structure customized, tax-efficient portfolios to reduce the impact and maximize after-tax returns. More advanced strategies for long-term tax reduction are available to business owners. With help from a Certified Financial Planner professional and careful execution of a well-designed plan, there may be ways to potentially reduce your tax obligations now and for years to come.

-Jameson Van Houten, CFP ®

Van Houten, Jameson, (2014 December). Ask the Experts. Phoenix Business Journal.