sailor
Full time employment: Posting here.
We bought a house earlier this year and don't have enough extra cash flow to fund two Roth IRAs.
What I'm considering is tax loss harvesting:
In our taxable account sell 10k worth of VTI with some short term loss (~9% so around $900)
Send two 5k checks to both Roths and buy something else there (let's say VEU) to avoid wash sale rules.
Do you think it's worth it? Any pitfalls you can see?
What I'm considering is tax loss harvesting:
In our taxable account sell 10k worth of VTI with some short term loss (~9% so around $900)
Send two 5k checks to both Roths and buy something else there (let's say VEU) to avoid wash sale rules.
Do you think it's worth it? Any pitfalls you can see?