The Power of Tax-Efficient Investing Maximize Your Savings
The goal is to keep as much of your money as possible — thus, tax-efficient investing is an important part of your financial planning that sometimes gets overlooked. By strategically planning your investments, you can keep more of your hard-earned money and minimize your tax liability while maximizing your returns. UTILIZE TAX-ADVANTAGED ACCOUNTS Tax-advantaged accounts such as 401(k) s, IRAs, Roth IRAs, and health savings accounts (HSAs) are some of the most straightforward ways to reduce your tax burden. Contributions to traditional 401(k) s and IRAs are made with pre-tax dollars, which lowers your taxable income for the year. Roth IRAs, on the other hand, are funded with after-tax dollars but any withdrawals made in retirement are tax-free. HSA contributions are tax-deductible. This means that the funds grow without being
taxed, and withdrawals for qualified medical expenses are also tax-free.
local income taxes. This can make them an excellent option for investors in higher tax brackets who want to keep their savings as high as possible. DIVIDEND INVESTING Dividends from qualified stocks are taxed at a lower rate than regular income. By investing in dividend-paying stocks, you can benefit from a steady income stream that is taxed at a more favorable rate, making it helpful for retirees who want to generate income while minimizing their tax burden. Remember: Tax-efficient investing requires thoughtful planning and a strategic approach. Give us a call today. We can help you tailor these strategies to your specific situation and ensure that you maximize your returns in the most tax- efficient way possible!
TAX-LOSS HARVESTING In tax-loss harvesting, you typically sell investments that have declined in value to offset the gains from other investments. This can reduce your taxable capital gains and allow you to keep more of your investment returns. LONG-TERM CAPITAL GAINS For the most part, long-term capital gains, which apply to assets held for more than a year, are taxed at a lower rate than short- term capital gains. This lower tax rate can significantly impact your overall returns — talk about tax-efficient investing! MUNICIPAL BONDS The interest earned from municipal bonds is usually exempt from federal, state, and
SUDOKU
LIME CHICKEN WITH CORN AND POBLANO SALAD
Inspired by PureWow.com
There’s still time to enjoy sweet summer corn with this lime chicken dish.
INGREDIENTS
Chicken •
Corn and poblano salad • 2 tbsp olive oil •
3 tbsp olive oil
1 cup all-purpose flour 1 1/2 tsp garlic powder 1/2 tsp cayenne pepper
2 poblano peppers, diced 2 garlic cloves, minced
• • • • • • •
• • • • • •
1 14-oz can of corn 4 scallions, minced
1 1/2 tsp salt
3/4 tsp black pepper
Juice of 2 limes
Zest of 1 lime
1/3 cup chopped cilantro
8 chicken thighs
Salt and pepper
DIRECTIONS
1. Preheat oven to 400 F. 2. In a large oven-proof skillet, heat olive oil over medium heat.
3. In a bowl, whisk flour, spices, and lime zest. Dredge chicken in the mix to coat. 4. Add chicken, skin-side down, to skillet, then place skillet in the oven for 30–35 minutes. 5. In a medium skillet, heat olive oil and add poblanos. Sauté 4–5 minutes. Add garlic and sauté for another minute. 6. In a bowl, add poblano mix, corn, scallions, lime juice, and cilantro, toss and serve with the chicken.
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