A member of the Investment Management Consultants Association, Herbert Roy Zucker has three decades of experience in the financial services industry. A qualified portfolio manager offering discretionary portfolio management to high net worth clients, Herbert Roy Zucker is a senior financial consultant at Merrill Lynch. In early 2021, the wealth management firm published an article on strategies investors can use to minimize capital gains taxes when selling portfolio investments.
Selling investments can trigger capital gains taxes. With rates in the range of 20 percent, investors may end up netting only 80 percent of their capital gains. Thankfully, there are strategies that they can take to minimize their capital gains taxes. One of these is to offset capital gains with capital losses. Offsetting gains with losses involves selling a small part of the portfolio that is down. If a big part of an investor’s portfolio is up while the other is down, they can sell the investments that are down and claim the losses they incurred on their tax return. Investors can deduct up to $3,000 of capital losses in a year. If their losses exceed the yearly limit, investors can carry them to the next year. If an investor wants to keep the investments that are down because they believe in their potential in the long run, they can sell them, offset the losses incurred, and then repurchase them later. The repurchase, however, must be done more than 30 days after the sale. There are other options to reduce capital gains taxes. They include donating more efficiently and realizing capital gains over different years. Investors should work with qualified investment and tax professionals to help them minimize taxes on their capital gains.
0 Comments
A senior consultant at Merrill Lynch, Herbert Roy Zucker is an experienced financier who previously served as a senior vice president at Morgan Stanley. Also an entrepreneur, Herbert Roy Zucker is the founder and principal of SafeDecisions, LLC, a leading retailer of in-room electronic safes.
Based in New York, SafeDecisions sells Assa Abloy Global Solutions electronic safes to educational, residential, healthcare, and retail clients. The company has a wide selection of products with specifications to meet all its clients’ needs. One of these is the Assa Abloy Zenith II-ZD 27. Advanced and economical, Zenith is an in-room electronic safe made with heavy gauge steel and fitted with precisely engineered parts for strength and durability. It weighs 20 lbs and has an internal volume of 0.46 cubic feet, accessible through a one-piece, code-pressed door with stainless steel hinges. The door has a triangular locking bolt enforcement system with a push-button-to-lock-door feature. To open it, a person has to key in a four-digit code on the backlit keypad. The keypad configuration is programmable. Ideal for new construction, retrofits, and upgrades, the safe is available in various models to fit into a drawer, shelf, or floor. Certain models can even accommodate a 17-inch laptop. The safe has a carpet inside, internal lighting, and is powered by five AA batteries. It also features an industry-leading audit trail system so users can print out a comprehensive report on safe activities. A senior financial advisor and member of the prestigious Chairman Club at Merrill Lynch, Herbert Roy Zucker is a founding member of The Zucker Group and a former senior vice president at Morgan Stanley. A philanthropist, Herbert Roy Zucker supports the Nassau County Museum of Art (NCMA).
NCMA runs a number of programs that serve people with disabilities. One of them is Art of Conversation for adults with memory loss. NCMA’s Art of Conversation is offered virtually on select Tuesdays of the year. The sessions, which are held on Zoom, start at 11 a.m. and end at 12:30 p.m. In each one, Pam Koehler, a museum educator, presents different art works from the museum’s gallery. The sessions follow a specific theme and are accompanied by art demonstrations. Adults are encouraged to engage openly in the sessions. To attend a session, an adult must register in advance through the museum’s website. NCMA restricts attendance to a dozen adults per session, so registering early is important. In 2021, NCMA has held Art of Conversation on July 13 and 17 as well as on August 10. Some upcoming dates for the year are November 9 and 30 and December 14. New York-based financial executive Herbert Roy Zucker is a senior consultant at Merrill Lynch, offering financial advice to C-Suite executives and business owners. An entrepreneur, Herbert Roy Zucker is a principal at SafeDecisions LLC, a company that distributes Assa Abloy electronic safes to business clients, including luxury developers.
Developers of luxury properties for high net worth clients will benefit from incorporating electronic safes into their building designs. These could be residential properties or commercial properties like hotels. High net worth individuals have their own set of unique needs. They like it when amenities are smart, connected, flexible, and multi-purpose. They also appreciate advanced safety features. The more possessions people have, the more they have to lose. A property crime occurs every three seconds in the United States, with 50 percent of burglaries being committed by someone who was let into a home. That means the more home service a person has (cleaning, gardening, and babysitting), the likelier they are to suffer a burglary. Safety is critical for high-net-worth individuals. They live busy lives and enjoy knowing their valuable possessions are safe and secure at home or in their hotel rooms. Electronic safes can give them this sense of assurance, improving their residential experience. In fact, in the hotel industry, for a hotel to earn the coveted AAA 5 Star Diamond Award, an electronic safe should be fitted in every hotel guest room. Luxury developers interested in incorporating electronic safes in their residential and hotel building designs can contact SafeDecisions to get comprehensive solutions. |
AuthorHerbert Zucker - New York Entrepreneur and Financial Executive. Archives
September 2021
Categories
All
|