In this podcast, originally aired on Chicago’s premier talk-radio station, WGN, Brian Henderson discusses stress induced by the COVID-19 pandemic. Brian acknowledges that this event has taken most people by complete surprise. His response, once it became clear how big an impact COVID-19 would have on the markets, was to become his clients’ risk manager. His primary financial concern was that each client had more than enough cash to ride out the storm, so they didn’t have to sell equities to cover living expenses.
Brian also discusses opportunities that the market downturn is creating. Tax-loss harvesting is a key consideration for those who want to avoid capital gains. This strategy allows investors to realize losses now against future gains. Brian also discusses other strategies, such as Roth conversions and GRATs (grantor retained annuity trusts). Brian’s perspectives and ideas are refreshing in a difficult time for many people.
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