Financial Focus Put Together a Professional Team to Help You Reach Your Goals As you work toward achieving your goals in life, ou will need to make moves that contain financial, tax and legal elements, so you may want to get some help from more than one source loss to offset gains realized by selling other, more profitable investments and also potentially offset Your financial advisor can also help you choose the investment or insurance vehicles that can some of your ordinary income. So, as you can see f fund an estate-planning arrangement, such as an the questions potentially raised by investment sales Should I sell "If so, when? f I take some losses, irrevocable li living trust. But to establish that trust in the first place, and to make sure it conforms to all applicable laws, you will want to work with an Specifically, you might want to put together a team how much will they benefit me at tax time?" - may comprised of your financial advisor, your CPAalso be of importance to your tax advisor, who will other tax professional, and your attorney. Together, eed to account for sales in your overall tax picture. this team can help you with many types of financial/ As such, its a good idea for your tax and financial taxlegal connections attorney experienced in planning estates. Your tax professional may also need to be brought in. Again, communication between your various advisors is advisors to communicate about any investment sales For starters, you may decide, possibly upon the mmendation of your financial advisor, to sell Your tax and financial advisors also may want to be These are but a few of the instances in which your some investments and use the proceeds to buy others in touch on other issues, such as your contributions financial, tax and legal professionals should talk to that may now be more appropriate for your needs to a retirement plan. For example, if you are self If you sell some investments you've held for a yer employed or own a small business, and you contribute or less and realize a capital gain on the sale, the gain to a SEP-IRA-which is funded with pre-tax dollars generally will be considered short-term and be taxed so the more you contribute, the lower your taxable at your ordinary income tax rate. But if you've held the ncome-your financial advisor can report to your investments for more than a year before selling, your ax advisor (with your permission) how much you've gain will likely be considered long-term and taxed at conributed at given points in a year, and your tax your the lower, long-term capital gains rate, which can be dvisor can then let you know how much more you 0%, 15% or 20%, or a combination of those rates. each other. So, do what you can to open these lines of communication because you'll be one who ultimately benefits from this teamwork. This article was written by Edward Jones for use by might need to add to move into a lower tax bracket, or Edward Jones, its employees and financial at least avoid being bumped up to a higher one. Your advisors cannot provide tax or legal advice. You On the other hand, if you sell an investment and financial advisor will be the one to recommend the should consult your attorney or qualified tax advisor realize a capital loss, you may be able to apply the nvestments you use to fund your SEP-IRA regarding your situation. Edward Jones Sean P. Asiala AAMS Michsel C. Caley AAMS Edward Jones Pam Covington AAMS Tod Heisler AAMS Edward Jones Edward Jones Edward Jones Edward Jones Quinn Nofziger Edward Jones Gwen Rup Edward Jones Shawn Wall 7030 Pointe Invemess Way, 1 Chestut Hi Parkway Fort WayneIN 46814 3607 Brookm Ave Fort Wayne, IN 46809 4413 oi Rd Ste E Fort Wayne, IN 46814 110 Bhon Rd Ste 101 Fort Wayne, IN 46809 Fort Wayne. IN 46804 432-0304 Fort WeynE, IN 5804 444-3134 Fort Wine, IN 46834 399-5853 625-5700 478-8038 432-3613 625-3524 747-5411