It is never too early to think about implementing a tax strategy that could save you money. Before the year passes you by, consider the following questions to help ensure you are not missing out on potential tax benefits by uploading the above article.

The end of the year is a good time to look at your portfolio allocation and make sure it’s aligned to your goals and risk tolerance. Over time, taxes can eat into a significant amount of one’s investment gains in a taxable account. Investors tend to avoid selling anything at a loss, but there can be a significant tax benefit to selling a losing position if you have capital gains to offset. Those losses can be used to reduce your capital gains all the way to zero and if you have more losses than gains, you can even offset up to $3,000 of your ordinary income each year.