Barron's Advisor John Nersesian: Make These Tax Moves Before 2026 Arrives
Nov 11, 2025
John Nersesian, Head of Advisor Education at PIMCO, shares his expertise in financial planning. He dives into essential year-end strategies that go beyond simple tax planning, emphasizing the impact of recent tax law changes. Nersesian highlights managing income for maximum deductions and the complexities of itemizing and AMT exposure. He also discusses effective wealth transfer through gifting and 529 plans, along with the unique benefits of health savings accounts. Advisors will gain insights into strategic Roth conversions and the importance of Social Security and Medicare elections.
AI Snips
Chapters
Books
Transcript
Episode notes
Protect Pass-Through Deductions
- For closely held business owners, protect pass-through deductions by managing income.
- Keep income below phase-out thresholds to preserve 199A/QBI and Section 179 benefits.
Use Loss Harvesting Wisely
- Realize capital losses to offset gains while avoiding the wash-sale rule.
- Use tax-loss harvesting windows and replacement strategies to preserve market exposure.
Rebalance To Fight Behavioral Biases
- Rebalance at least annually to counter emotional biases and maintain allocation.
- Let the advisor act as behavioral coach to prevent chasing winners and selling losers.
