An Individual Retirement Account (“IRA”) is an excellent way to get more out of your retirement investments due to their tax-advantaged status. Our WiseHarvesting feature provides wash sale protection across your Managed Portfolios taxable Personal Investment Account and IRAs. We actively monitor trades within your Managed Portfolios IRAs to ensure that activity in your IRA does not lead to wash sales which wipe out harvested losses. This is one of the many advantages of WiseHarvesting.
In addition, our unique Selective Trading feature gives clients the ability to remove or activate specific securities in their portfolio(s). This can help clients avoid wash sales even with securities held in other accounts, including in IRAs, 401(k)s, or 403(b)s held elsewhere.
Lastly, if your Retirement milestone also uses a taxable Personal Investment Account, WiseHarvesting automatically monitors and harvests losses on that portion of your Retirement milestone.
- Dashboard: Check out Tax Protection and its WiseHarvesting feature
- FAQ: Tax Protection: What are the advantages of Axos Invest's WiseHarvesting?
- FAQ: Tax Protection: What considerations are there for turning on WiseHarvesting?
Axos Invest, Inc., and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.