Real estate investment trusts (REITs) saw a 4% uptick this quarter; tax efficient investing advice here includes placing REIT holdings inside IRAs to avoid ordinary income tax on distributions, optimizing portfolio yield in the property sector under current interest rate trends. Working with an advisor could be helpful if you have a high net worth, a large investment portfolio or a complicated financial situation. A tax planning advisor can look at your full financial picture and find ways to reduce your tax liability. However, if your financial situation is relatively straightforward, you might not need an advisor. [00:15:47.04] Yeah, and I think we'll talk a little bit more about business owners, but I think one of the things to keep in mind is if you're thinking about that or taking advantage of that, it's something worth, I think, revisiting, because many states have enacted those provisions. Some of them are expiring. Some of them have been extended. And so it's definitely something to take a look at with your CPAs and tax advisors and make sure that you can maximize that benefit going forward. Tax efficient investing remains key in 2024 asset allocation. With Russell 2000 small-cap index lagging at +2.4% YTD, investors are deploying tax-loss harvesting to offset gains from outperforming energy sector stocks, effectively reducing taxable income while repositioning portfolios for cyclical recovery.