If you’ve built or inherited an investment portfolio alongside the savings in your retirement accounts, you are likely to face some taxation every year on things like interest, dividends, and capital gains generated from the investments.

These might be investments such as stocks, bonds, mutual funds, or ETFs held in a brokerage account to name a few.
While these investments can serve as a fantastic compliment to your other retirement savings, you’ll want to be sure to manage this money in the most tax-efficient manner each year to allow your money to last as long as possible.

In this episode we discuss 6 year-end strategies to help you reduce the annual tax bill from your portfolio.

More specifically, I discuss:

• 7 basic tax rules you need to know when it comes to non-retirement investment portfolios
• Properly offsetting gains and losses
• Properly use long-term losses
• Avoiding the wash-sale rule
• Make use of lower tax brackets
• Donating appreciated stock to charity
• Do not donate depreciated stock to charity

Resources:

• Access Episode Show Notes and Sign Up for the Retired·ish Newsletter
• Ask Cameron A Question!

Key moments:

00:00 Non-retirement accounts have annual tax implications

05:29 Capital gains can be taxed between 0% to 40.8% based on income and nature of gain

09:02 Properly offset short and long-term gains with losses to defer taxes and optimize savings

10:22 Consider strategic tax planning for mutual funds held in non-retirement accounts

15:04 Transfer appreciated stock to family in lower tax brackets

17:22 Donate appreciated stocks if itemizing deductions and charitably inclined