The end of the year is fast approaching, and our contributors on financial matters advise us to keep a close eye on capital gains.
According to Bob and Charlie Kreitler of Kreitler Financial in New Haven, mutual funds are kicking out significant gains for the first time since 2008; many investors will be surprised by the impact this has on taxes. "We're seeing 5 or 6 percent distributions," says Bob Kreitler. "So for a $100,000 portfolio, that's $5,000 to $6,000 in taxable income."
On the show you'll hear Bob and Charlie's ideas about how to mitigate this tax impact.
As to forecasting what's ahead, the Kreitlers say they agree that we're likely to see increased "volatility," another word for uncertainty. Right now, they say, asset allocation is far more important for portfolios than picking the best portfolio manager.
(While Kreitler Financial is affiliated with Raymond James, they stress that their views on the show are their own.)
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GUESTS:
- Charles Kreitler is vice president of Kreitler Financial.
- Robert Kreitler is president of Kreitler Financial.
MUSIC:
- “Gne Gne,” Montefiori Cocktail
- “Marriage Is the New Going Steady,” Kristian Dunn
- “Indian Winter,” Kristian Dunn
- “Perpetuum Mobile,” Penguin Cafe Orchestra
Lori Mack, Jonathan McNicol, and Marian Roy contributed to this show.