Contributed by: Melissa Joy, CFP® , CDFA®
No one likes to pay taxes and your investment decisions are often associated with a related tax cost. This webinar takes a broad look at potential strategies and their tax cost or benefit.
Highlights from Mitigating the Tax Bite of Investment Returns:
- Minute 1:00: A look at the new 2018 tax brackets – what do you project for your tax bracket in 2018?
- Minute 2:45: A discussion of tax buckets
- Minute 5:40: Popular investment strategies for taxable investments including municipal bond investing, cost basis elections, and concentrated stock positions
- Minute 13:25: Managing taxes from your retirement accounts
- Minute 17:45: Coordinating your investments with charitable giving strategies including qualified charitable distributions and donor advised funds which may become more popular with the new tax law
- Minute 23:55: Melissa discusses planning to give investments to your heirs in a way that is considerate of taxes
- Minute 26:10: Understanding the loss of the miscellaneous itemized deduction for investment advisory fees and a checklist to consider if affected
- Minute 28:30: An introduction to the concept of tax alpha which is defined as “the outperformance that an investor can achieve by taking advantage of all the available tax-saving strategies” (source: CNBC)
Remember to review some of our favorite tax blogs from the past, including:
Melissa Joy, CFP®, CDFA® is Partner and Director of Investments at Center for Financial Planning, Inc.® In 2013, Melissa was honored by Financial Advisor magazine in the Research All Star List for the third consecutive year. In addition to her contributions to Money Centered blogs, she writes investment updates at The Center and is regularly quoted in national media publications including The Chicago Tribune, Investment News, and Morningstar Advisor.
Financial Advisor magazine's inaugural Research All Star List is based on job function of the person evaluated, fund selections and evaluation process used, study of rejected fund examples, and evaluation of challenges faced in the job and actions taken to overcome those challenges. Evaluations are independently conducted by Financial Advisor Magazine.