No one likes to see an investment lose value, but when that happens, strategically selling at a loss can help lower your capital gains tax liability. “Strategically” is the key word here: offsetting gains with losses is a good way to minimize taxes, but it must be done without disrupting your investment plan.

We designed SigFig’s tax loss harvesting process to do both — utilize the tax benefits of losses, while keeping your portfolio fully invested in each of the asset classes that make up your allocation. Available at no additional cost with your SigFig Managed Account, tax loss harvesting will help you:

  • Accurately determine the optimal times to take advantage of tax loss harvesting; and
  • Replace any securities sold at a loss with similar ones to keep you aligned with your target allocation.

Tax loss harvesting is just one of our many tax efficiency strategies. If you haven’t turned it on yet, you can do it here. If you want to learn more about it, visit our FAQ section. Start minimizing your investment taxes today.

The SigFig Team

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