Word: mutuals
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...market value of the asset, yet skip the capital-gains tax. If you aren't sure which charity you want to favor and you're giving cash, consider establishing a gift fund to reduce your estate. You can choose where to send the money next year. A number of mutual-fund companies have such funds, though they give you less freedom in choosing where to ultimately direct the money...
...doesn't make sense if your losers are still worth holding. If you do sell and generate the tax loss, you can't hold onto that loss if you repurchase the stock within 30 days. So buy another stock in the same industry. "This is especially simple in the mutual-fund world," observes Tom Ochsenschlager, tax partner at Grant Thornton. Sell a losing fund, realize the loss for tax reasons, and immediately buy another fund just like...
...careful, though, if your tax bracket will rise in retirement. Withdrawals from tax-deferred accounts get taxed as income. If you'll be retiring soon, new contributions might not have enough time to grow tax-deferred. You might be better served putting new savings into a tax-efficient mutual fund, like an index fund. When you cash that in after one year, you pay the capital-gains rate on your earnings, typically lower than the income-tax rate you pay on IRA withdrawals...
...right, fine, it was a mutual genesis. Both of our brains separated and then we came together and said we should call ourselves the Polish Connection at the same time," Nowinski says...
HIGH YIELD, HIGH GROUND The mutual-fund group Pax World has opened the first widely available High Yield Fund that invests only in socially responsible companies. That excludes firms that profit from firearms or tobacco. Although junk-bond funds in general have had a tough year, white-hat investing is gaining fans. Nationwide, dollars going into all socially responsible funds have risen 82% since 1997, to $2 trillion...