Proactive Strategies During Market Selloff

This document is a market update that discusses proactive strategies to consider during a market selloff, particularly in response to the newly announced Trump tariffs. It outlines several strategies for clients to strengthen their financial plans amid market volatility. The document details tax loss harvesting as a method to offset taxable gains by selling securities at a loss, while also cautioning against the wash sale rule. It explains the benefits of Roth conversions during downturns, emphasizing the potential for tax-free growth and lower tax burdens. Additionally, it presents the importance of funding estate planning vehicles during market dips to leverage potential recovery. The document encourages revisiting financial plans and conducting stress tests to ensure alignment with long-term goals. The conclusion advises against drastic changes to investment approaches and emphasizes the importance of a solid strategy to navigate market fluctuations.