By Kaylie Wise
Kara Murphy from Kestra Investment Management is one of my favorite people to listen to when it comes to investing. As part of our broader network through Bluespring Wealth, Kestra Investment Management serves as an important resource for our team and helps support the work we do for our clients.
She has a real talent for turning complex topics into something simple, and I always come away understanding a bit more than I did before.
In this short video, she talks about capital gains taxes, something we hear about often. While we always want to be thoughtful about capital gain taxes, it is important to remember that paying them usually means your portfolio is growing and doing what it is supposed to over time.
I often see people hesitate to make a change or rebalance because they do not want to trigger taxes, even when the move itself makes sense for their long-term plan. When that starts to drive the decision, it can sometimes get in the way of making progress. It is kind of like not cooking at home because you do not want to deal with the dishes afterward. The cleanup becomes the focus, and you end up avoiding something that would have been the better choice overall.
Kara explains why trying too hard to avoid those taxes can sometimes work against you, whether that means missing out on diversification or letting good opportunities pass by.
I wanted to share this because it offers a clear and practical way to think about it. Take a few minutes when you can and give it a watch. I think you will enjoy her perspective as much as I do.
See the video here.
Kaylie Wise is a Financial Advisor at Bluespring Wealth’s Cincinnati office, where she helps keep the financial planning process organized and moving forward while making clients feel welcomed and supported. She earned a degree in finance and a CFP Board Registered Certificate in Personal Financial Planning from Western Kentucky University and is currently working toward her CFP® certification. Outside the office, Kaylie enjoys hosting dinner parties, traveling, practicing yoga and Pilates, and spending time with her cat, Finnick.
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