Why can't I buy VTI and dividend reinvest? I compared that to Betterment since 2004 and it wins handily. What am I missing? Tax loss harvesting sounds fancy but what's the actual bottom line benefit after fees?
This is a bit misleading since the only way to save 6 figures on capital gains every year from TLH is to have realized > 6 figure loss at some point in the past.
The offset on regular income is also maxed at 3k/year.
The losses/gains must also be in a taxable account.
https://www.bogleheads.org/wiki/Tax_loss_harvesting#Using_a_...
TLH can be useful in certain situations (like yours), but I think generally it is oversold by the likes of Wealthfront and Betterment.