Harbor Wealth Management, Author at Harbor Wealth Management

What is Tax-Loss Harvesting?

Tax-loss harvesting is a strategy involving the selling of securities at a loss to offset the amount of capital gains when other securities are sold at a profit. The tax benefits from this strategy not only include taxes saved from offsetting gains and losses; if capital losses exceed capital gains in a given year, the…

Understanding the Backdoor Roth Strategy and the IRS Pro-Rata Rule

The strategy of a backdoor Roth IRA contribution seems to be coming up more and more in conversations in the media. There are a few key things to know about the process, who is eligible, the IRS pro-rata rule, and how the conversation in Washington DC could impact the strategy. First, for the basics of…

Our Geothermal Greenhouse

I have always loved to garden. Over the years, despite Colorado’s relatively short and challenging growing season, I developed a love of tropical trees, growing limes and starting plants from seed. I extend the season and grow large tropical trees by bringing my various plants indoors for the winter. Several years ago, it became apparent…

Strong vs Weak Dollar – What are the Effects?

One might consider how currencies add or subtract volatility from a market in any given part of the cycle. After all, currency does affect and change the fundamentals of many economic indicators. Interestingly enough though, historical data tells us that the US dollar and stock movements don’t actually have a strong correlation, positively or negatively.…

Staff Spotlight Interview with Megan Miller

As part of our new blog series, we’re doing Staff Spotlights! In this fun interview, we talked with Megan Miller who’s been with Harbor since 2012. What do you like most about your job at Harbor? I can’t choose one, I really enjoy my co-workers and the fun we have while we’re working! Additionally,…

On our Bookshelf – The 10,000 Doors of January

The 10,000 Doors of January By Alix E. Harrow “Doors, he told her, are change and change is a dangerous necessity. Doors are revolutions and upheavals, uncertainties and mysteries, axis points around which entire worlds can be turned. They are the beginnings and endings of every true story, the passages between that lead to adventures…

Saving for the Unexpected

According to a July 2021 Bankrate study, 25% of Americans surveyed have no emergency fund. An emergency fund acts as a buffer that you can use without relying on credit cards or high-interest loans in the event of an unexpected expense or life event. If there is anything that the last 2 years have taught…

Evaluating Your Homeowners Coverage

Recent events here in Boulder have thrown into sharp relief the possibility that many of us are underinsured for repairing or rebuilding our homes should they be damaged or destroyed by fire, accidents, or weather. Your various coverage amounts for your home should be reviewed annually when your policy renews and possibly even mid-year if…