Two Birds, One Stone: Investment and Taxes
At this stage, you know what investment vehicles are staples for your portfolio and the different ways that you can use them to master income. But there is another pivotal piece to consider when investing in the capital markets: the tax implications. This chapter is about how to protect more of your hard-earned wealth through investing while still handling your civic duties.
Always Be Long Term
Your taxable investment accounts give you the opportunity to continue to make your money work for you outside of your retirement accounts. These accounts have no limit, but are subject to capital gains taxes depending on how long you hold the investments of your choice. These taxes can range as high as 20 percent ...