8 tax pitfalls to avoid

Careful planning can help you overcome human error and missed opportunities.

February 09, 2023 View in a browser

FIDELITY VIEWPOINTS® WEEKLY EDITION: February 09, 2023

8 tax pitfalls to avoid Careful planning can help you overcome human error and missed opportunities as you file your 2022 taxes. Get tax smart 3 surprising themes for investors Here's what history suggests about the current market and sector leadership. Find investing ideas Do you need an estate plan? Key considerations include children, the size of your estate, and privacy. Get started The Fed and your money What recent Fed moves mean for interest rates, markets, and investors now. Navigate rising rates 4 financial ways to say "I love you" Financial prudence and planning can be romantic—seriously. Ditch money stress Market Sense: Building wealth for today and tomorrow Fidelity portfolio manager Naveen Malwal and advisor Randelle Lenoir discuss the markets, the Fed, and corporate earnings. Plus, for Black History month: a special focus on building wealth and a legacy in the Black community. Watch now →   Smart Money: How not to hate doing your taxes Don't miss our free virtual event on February 15 for tax-season tips and resources to help make doing your taxes less stressful. Register now →

Like this newsletter? Forward to a friend or family member and invite them to subscribe.

Have a nice day! Your Viewpoints Team

Contact Us   |   Refer a Friend   |   Fidelity Mobile®   |   Unsubscribe

Before investing, consider the investment objectives, risks, charges, and expenses of the fund, exchange-traded fund, or annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. This information is intended to be educational and is not tailored to the investment needs of any specific investor. Past performance is no guarantee of future results. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. The stocks mentioned are not necessarily holdings invested in by Fidelity. References to specific company stocks should not be construed as recommendations or investment advice. The statements and opinions are those of the speaker, do not necessarily represent the views of Fidelity as a whole, and are subject to change at any time, based on market or other conditions. In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request. There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, and collars, as compared to a single option trade. Sector investing can be more volatile because of their narrow concentration in a specific industry. Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high risk tolerance. Investors in digital assets could lose the entire value of their investment. Diversification cannot ensure a profit or protect against loss. Fidelity does not provide legal or tax advice and the information provided above is general in nature and should not be considered legal or tax advice. Consult with an attorney or tax professional regarding your specific legal or tax situation. Fidelity Brokerage Services LLC does not offer digital assets nor provide clearing or custody services for such assets.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1037578.30.0    CV2 EMAIL REF# 11878062996.3123088 © 2023 FMR LLC. All rights reserved.