Is it even possible to pay 0% in Capital Gains Tax? In this episode of the Retirement Power Hour, Joe Allaria, CFP®, explains 4 strategies to NOT pay any Capital Gains Tax, including gain harvesting, donating appreciated shares of securities, tax-loss harvesting, and not selling at all (but instead leaving your shares to your heirs).

If you enjoyed this episode, make sure to check out our last podcast on How to Not Fail at Retirement with Author Mike Drak. https://www.youtube.com/watch?v=XCc1uTayt5E&t=66s 

Resources Mentioned on the Show:

     -Smart Charitable Giving: How to Receive the Full Tax Benefits of Your Giving https://www.youtube.com/watch?v=ht8HnBZITyQ 
     -Charitable Donations Using Stock, Not Cash https://carsonallaria.com/2021/12/11/charitable-donations-using-stock-not-cash/
 

Listener Question

I am 65 years old. I am a self employed contractor and am earning (as an employee) 36K per year.  I do not want to retire, but I want to collect Social Security benefits and keep working.  My estimated yearly SS benefit is 26K.  I can earn 21K as an employee.  My plan is to keep working, then at full retirement age collect 36K in wages from the business. Does this plan make any sense?

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Disclaimer: 

All material discussed on this podcast is for educational purposes only and should not be construed as individual tax, legal, or investment advice. Investing involves risk of loss and investors should be prepared to bear potential losses. Past performance may not be indicative of future results. Joe Allaria is an Investment Adviser Representative of , a Registered Investment Advisory firm. Information discussed on this podcast may be derived from third parties that are believed to be reliable, but CarsonAllaria Wealth Management does not control or guarantee the accuracy or timeliness of such information and disclaims all liability for damages resulting from such sources. Any references to third parties are provided as a convenience and do not constitute an endorsement.

Learn more about CarsonAllaria Wealth Management at https://carsonallaria.com/

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Joe Allaria Certified Financial Planner

Joe Allaria is a CERTIFIED FINANCIAL PLANNER™, co-founder of CarsonAllaria Wealth Management (an independent RIA located in Glen Carbon, IL), and host of The Retirement Power Hour Podcast, where he helps educate the 50+ crowd on how to invest wiser and retire better.

For his numerous articles, Joe has been featured in the Wall Street Journal, USA Today.com, Yahoo Finance, Nasdaq.com, and Investopedia. He has also been a CERTIFIED FINANCIAL PLANNER™ professional since 2015.

Joe is also a husband, father of two boys, church musician, and avid golfer. He and his family reside in Glen Carbon, IL, a suburb of St. Louis, Missouri.