It's tax paperwork season, and capital gains can sneak up on you if you're not paying attention.
In this episode of Women and Wealth, Regina breaks down 10 key things to know about capital gains and capital gain distributions, including why you might get a distribution even if you didn't sell anything (or even if a fund is down).
She also covers the difference between short-term vs. long-term gains, what changes in taxable accounts vs. retirement accounts, which 1099 forms to look for, and how fund turnover can impact what shows up on your statements.
Episode Highlights:
0:00 - Intro
0:34 - Episode beginning
1:05 - Tip #1
4:22 - Tip #2
5:06 - Tip #3
6:37 - Tip #4
7:56 - Tip #5
9:14 - Tip #6
10:08 - Tip #7
12:01 - Tip #8
13:13 - Tip #9
14:54 - Tip #10
16:04 - Long-term capital gains tax rates
19:23 - Call to action
ABOUT REGINA MCCANN HESS
Regina is the author of Super Woman Wealth: How to Become Your Own Financial Hero. As an advocate for women's financial freedom, she wrote this book to help empower women to take a bigger role in handling their money.
Regina has appeared on Schwab TV, Yahoo Finance, Forbes.com, NTD Television, CBS 3 Philadelphia, Fox 29 Philadelphia, King 5 Seattle, KTLA 5 Los Angeles and Scripps News. She has also been quoted in numerous articles in publications such as Forbes, Business Insider, U.S. News & World Report, Yahoo Finance, USA Today, USA Wire, Word in Black, WTOP News, Mind Body Green, Money Digest, New York Post, Defender, Authority Magazine, GoBankingRates.com, Scripps and The Muse.
As Founder of Forge Wealth Management, Regina utilizes her 25+ years of financial services experience to help individuals plan, preserve and diversify their wealth. She focuses on educating her clients while building long-term relationships with them and their families. Her experience throughout major shifts in the markets, enables Regina to structure balanced portfolios to address specific financial goals.
CONNECT WITH REGINA
Website: https://www.forgewealth.com
LinkedIn: https://www.linkedin.com/in/reginamccannhess/
Facebook: https://www.facebook.com/ForgeWealth
Instagram: https://www.instagram.com/forgewealthmanagement/
YouTube: https://www.youtube.com/@ForgeWealth
Email: reginahess@forgewealth.com
Securities offered through LPL Financial, Member FINRA/SIPC www.finra.org, www.sipc.org
Third-party posts found on this profile do not reflect the view of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
This material was prepared by Hartford funds.
For a list of states in which I am registered to do business, please visit www.forgewealth.com. Hartford Funds is not affiliated with, nor endorsed by LPL Financial, Private Advisor Group, or Forge Wealth Management
