Additional Services

We provide tax loss harvesting services, for personal or trust accounts, to take advantage of market pullbacks by redeeming any position where value has fallen below its cost basis and replacing that position with a surrogate manager or security, so that the loss can be recognized for tax purposes (lowering current and future income tax liability), but our clients remain invested at all points in time to participate in all market recovery. Market timing is not employed. 

We calculate and disburse Required Minimum Distributions (RMD) when applicable.

We assist clients with meeting their charitable giving desires in the most efficient manner, including gifting of appreciated securities, and once a client is over age 70 1/2, assisting with distributions from the client’s IRA directly to a charity (“Qualified Charitable Distribution”) which allows the IRA distribution to be entirely excluded from your income tax calculation, and reduces or satisfies, at age 72 or beyond, Required Minimum Distribution (RMD) requirements.

We provide introductions to other financial professionals (CPAs, Attorneys, Health Insurance Advisors, Home or Traditional Financing specialists, Reverse Mortgage specialists, Property & Casualty Insurance specialists), when needed.

We assist with lending solutions (allowing clients to borrow against their investments) when short term liquidity is needed, but liquidating securities is not desired for income tax recognition or selling securities below their intrinsic value.

Quarterly calls from our team are made to ensure all your objectives are being met; annually a complete review and update is done virtually or in our office.

This publication is not intended as legal or tax advice. Financial Representatives do not render tax advice. Consult with a tax professional for tax advice that is specific to your situation.

No investment strategy can guarantee a profit or protect against a loss.

Ryan B Smith, CFP®, ChFC®, CLU®, M.S.T.

Private Wealth Advisor

 

To learn more about Northwestern Mutual Investment Services, LLC and its financial representatives, visit: FINRA BrokerCheck