After the real estate bubble popped, I found it somewhat difficult to get clients to harvest tax losses. With some stock index funds down more than 50%, many said they already had a lifetime of capital losses at the IRS annual maximum of $3,000 annually.

Fast forward to the present. We now know that markets recovered with a vengeance. Those who did harvest tax losses gained a valuable asset to use as they rebalance going forward or take out funds to live on.

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