WiseHarvesting: Does WiseHarvesting work with my Retirement milestone or IRA(s)?

An Individual Retirement Account (“IRA”) is an excellent way to get more out of your retirement investments due to their tax-advantaged status. While the IRS does not allow you to harvest losses (or deduct investment losses against income) realized within IRA, our WiseHarvesting feature does provide wash sale protection across all of your Axos Invest taxable Personal Investment Account and IRAs. We actively monitor trades within your Axos Invest 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.





Was this article helpful?