Michael Wagner Discusses Portfolio Tax Management with U.S. News & World Report

With the potential for higher tax rates for capital gains looming and the markets becoming more and more volatile, many investors have a heightened focus on making their portfolios tax efficient. To help investors learn more about portfolio tax management, U.S. News & World Report spoke with Omnia Family Wealth Co-Founder and Chief Operating Officer Michael Wagner for insight.

According to Wagner, while tax management is important for portfolios, it should not be the only factor investors focus on – especially if it begins to obscure their overall investment strategy. “You don’t want to let the tax tail wag the investment dog,” he tells the publication.

Wagner emphasizes that the importance of not losing site of the big picture is especially true when rebalancing portfolios. With the markets rising to record-highs over the past few years, many investors have been reluctant to sell their winning stocks because of capital gains taxes. However, a portfolio that is out of balance comes with its own set of risks.

“Nobody likes paying taxes,” says Wagner. “But the fact is, from a rebalancing perspective, it’s absolutely the right thing to do.”

Click here to read the entire U.S. News & World Report article.

Have Questions for An Advisor?

This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

Cracking the Code of High-Yield Bonds: Expert Guidance from Michael Wagner

Cracking the Code of High-Yield Bonds: Expert Guidance from Michael Wagner

Read More
Michael Wagner on The National Desk: What Happens If the US Defaults on Its Debt?

Michael Wagner on The National Desk: What Happens If the US Defaults on Its Debt?

Read More
Michael Wagner in U.S. News & World Report: The Importance of Focusing on What You Can Control in Investing

Michael Wagner in U.S. News & World Report: The Importance of Focusing on What You Can Control in Investing

Read More
Michael Wagner in the Miami Herald: Strengthening Bonds within the Jewish Community

Michael Wagner in the Miami Herald: Strengthening Bonds within the Jewish Community

Read More
Michael Wagner Earns Acceptance into the Prestigious Wexner Heritage Program

Michael Wagner Earns Acceptance into the Prestigious Wexner Heritage Program

Read More
Michael Wagner in Startup Savant: What Bank Failures Mean for Startups

Michael Wagner in Startup Savant: What Bank Failures Mean for Startups

Read More
OMNIA FAMILY WEALTH CEO STEVEN WAGNER NAMED AMONG BARRON’S TOP ADVISORS OF 2023

OMNIA FAMILY WEALTH CEO STEVEN WAGNER NAMED AMONG BARRON’S TOP ADVISORS OF 2023

Read More
Michael Wagner in The Street: Opportunities, Risks and Back-Up Banks

Michael Wagner in The Street: Opportunities, Risks and Back-Up Banks

Read More
Michael Wagner in Barron’s: Things to Consider When Retiring to the Sunshine State

Michael Wagner in Barron’s: Things to Consider When Retiring to the Sunshine State

Read More
©2023 Omnia Family Wealth, All Rights Reserved.