The Stock Guy

Take advantage of tax time. Use it to schedule time with your advisors to determine if you followed the most tax efficient strategy this year and to plan for next year. Here are some key items to discuss with your professional advisors:

1.) What was your Capital Gain/Loss situation for 2010 ? Do you have loss carry forwards that can be used for tax harvesting at the end of this year?

2.) What amount of Unrealized Gains do you have at this point?

3.) Is a Roth IRA Conversion something you should be thinking about? What is the tax basis of your Traditional IRA?

4.) Did you take advantage of your employer sponsored retirement plan? Have you looked at your retirment plan as it relates to the rest of your portfolio? Did you take advantage of your employers matching porgram?

5.) For your cash and fixed income investments, should you be looking at tax exempt investments in order to avoid a higher marginal tax bracket?

Also, take the time to evaluate the members of your team – Accountant, Estate Attorney, Financial Advisor, Insurance Agent.