It’s Okay Not To Share
December is a month that often brings giving and joy to our lives. It is a month of celebration ending with anticipation of a new year. We find ourselves closing out a year that will not soon be forgotten. It seems as though 2020 is the year that will live in infamy. As I mentioned in my previous contribution, I am relatively new to the Frankenmuth community but find myself blessed and full of joy thus far.
Christmas is a time of giving and sharing memories with loved ones and those close to us. Our community is a town of gracious giving and it is my pleasure to say “thank you” to all of you and the welcome I have thus far received. From a neighbor I had not formally met picking up sticks off my front lawn, to a few Frankenmuth natives offering a boat ride down the Cass River, the sense of giving seems ubiquitous in this gracious town we call home. In an effort to personally give back, it is my pleasure to have recently joined Frankenmuth Jaycees.
Ironically though, on the investment front, this is a prudent time of year to think about NOT giving too much to Uncle Sam in the form of taxes. This is better known as the season of “tax-loss harvesting” which simply means selling securities that may have a loss in order to offset potential capital gains. There are a few different strategies that can be implemented to achieve the goal of less taxes and that is where my team and I come into play. With help and guidance from client’s tax advisors, we review each client’s unique situation and help guide them to a desirable outcome. There is comfort in knowing you have worked to protect what you have worked so hard to save.
As I close out my second of hopefully many contributions, I would like to again say “thank you” to all of you for allowing my team and I to serve and provide you value. It is our hope that Christmas will be a joyous holiday for each of you, whether virtually or socially distanced.
Stay safe and have a merry Christmas!
From Rob Swarts,
Frankenmuth Group of Oppenheimer & Co. Inc.