A turbulent year in the market may have generated some losses in your taxable investment accounts.
You can put those losses to good use with a strategy designed to maximize after-tax returns known as tax-loss harvesting.
To be a harvester, you sell an investment to generate a loss to offset capital gains.
"We harvest losses annually, and this year will be no different," said Scott Stratton, a certified financial planner, certified public accountant and president of Good Life Wealth Management. "People in the top tax bracket should definitely try to offset any short-term gains for 2016."