How does one handle a $million tax loss late in life?
Why no discussion of how best to use six and even seven-figure tax losses? As often happens, atrocious investing is compounded by nonexistent tax planning. Generally, the sooner one harvests losses the more valuable they are. Investing 101.
As an outsider, I can only presume that many here will retire and die with no way to use their monumental tax losses. Plus many Wavoids seem to have been in just one stock, so they have no gains to offset against. What a waste considering the long bull market we've gone through.
I'm a lawyer (no, not tax lawyer); this question interests me.
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