Après-Tax
After-tax performance.
Objective after-tax returns, personalized to individual clients.
Begin with after-tax performance basics.
Après-Tax
Objective after-tax returns, personalized to individual clients.
Begin with after-tax performance basics.
Lesson 01
Time-weighted strips out deposit and withdrawal timing; money-weighted keeps it, grading the cash-flow decisions too.
Lesson 02
Interest at the ordinary rate; qualified dividends and realized gains at the long-term rate. Simplified: gains and losses net across the window, not by tax year.
Lesson 03
Nothing is realized during the hold, so pre-liquidation equals the gross return. The year-10 sale taxes the embedded gain at the 24% long-term rate, the correct character for a decade-long hold.
Lesson 04
Harvesting resets the basis lower, creating a larger taxable gain at sale. This acts like a loan, not a gift. The permanent value is the rate gap: positive if you offset high-rate gains now and repay at low rates later, and negative if you offset low-rate gains now and repay at high rates later.
Lesson 05
Measured pre-liquidation: the sleeve pays tax on its deferred gain only at sale (Lesson 03).
Lesson 06
A harvested loss is worth the rate of the gain it offsets: nothing, long-term, or short-term, plus state. 2025 rates, single filer.
Lesson 07
Wash Sale: Repurchasing substantially identical securities within 30 days of sale disallows the loss today but adds it to the replacement cost basis, keeping the basis at $100,000 and avoiding extra tax at sale. The holding period tacks (IRC §1223).