ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

Tax loss harvesting is the practice of selling a security at a loss in order to offset taxes on income and gains. “Big Al” Clopine, CPA explains the basics of tax loss harvesting and the benefits that you can reap from doing it correctly. Learn how to make wise decisions with your stocks while reacting to the changing nature of the market and always remember that capital losses net against capital gains dollar for dollar.


0:20 “When the market is down, you actually want to sell that stock because when you sell it you create a loss on your tax return”

0:34 “You buy another stock or mutual fund that’s very much the same, so you’re still in the market; when the market recovers, you receive the recovery”

0:58 “People don’t realize this: when you have a capital loss, let’s say you have a $50,000 capital loss and a $50,000 capital gain on another asset—you can net those two together and pay no tax whatsoever”

1:42 “To reiterate—capital losses net against capital gains dollar for dollar”

2:35 “You never lose these carry-overs as long as you’re living so there’s no reason not to do tax loss harvesting when it’s available”