Faltering Market Can Be Good Excuse to Lower Your Portfolio's Tax Exposure

Since about half of all stocks are down for the year, it's no wonder many portfolios are seeing red for the first time in a while. What should you do? Should you sell some of your long-term holdings that have tanked recently?

No. Turn off CNBC and go back to the Olympics instead. (The U.S. is kicking butt, by the way.)

Here are some tax-planning tactics you can use if your long-term holdings have temporarily tumbled. ...