ThreePoint Private Client Group, LLC

Read the Park Avenue® Wealth Management August Monthly Market Commentary for our latest market analysis. Highlight: Rising interest rates pressured global equity and fixed income returns in July.
https://www.google.com/url?q=https://guardianpublic.hartehanks.com/AssetDisplay?acc%3D11GI%26itemCode%3DPAS018119&source=gmail&ust=1785947939408000&usg=AOvVaw2K4JmBJ0hbGoPY_4tbHnTE

Legacy planning is about more than the numbers—it's about creating an intentional strategy.

Read the Park Avenue® Wealth Management July Monthly Market Commentary for our latest market analysis. U.S. small cap stocks advanced in July as asset class performance was mixed.

https://guardianpublic.hartehanks.com/AssetDisplay?acc=11GI&itemCode=PAS018129

What’s the best way to take gains—without letting taxes take control?

Strong markets can create opportunity—but realizing gains may also introduce tax considerations that affect your broader plan.

A capital gains budget is one framework that may help bring more structure to these decisions by aligning investment activity with your overall strategy.

It can help you:

▶️ Establish a general target for gains realized each year
▶️ Be mindful of tax brackets and timing
▶️ Emphasize long-term positions where appropriate
▶️ Offset gains with losses when possible

It’s important to recognize that implementing this type of approach can be more complex in certain investment vehicles, such as mutual funds or index funds, where gains and losses are commingled.

In some cases, a more individualized stock portfolio may provide greater flexibility to manage gains and losses, including the ability to harvest losses more efficiently.

The goal isn’t to avoid taxes—it’s to manage them thoughtfully within the context of a long-term, coordinated plan.

For additional perspective, we recommend this article:

4 Steps for Creating a Capital Gains Budget Creating a capital gains budget for your winners can help take some of the sting out of taxes.