We've just finished tax season, which we know is everyone's favorite time of the year ;)
There's no time like the present for investors to get their tax planning in order for next year’s for the 2023 season.
One of the most important distinctions that we think taxpayers should understand is the difference between ordinary income and capital gains taxes. In the latest installment of our "Fundamentals of Investing" series, CEO Noland Langford and Director of Research, Brian Dress, discuss which sources of income are subject to which categories of taxation. We also cover the mechanics of our marginal tax bracket system.
As regards investing, taxes are one of the more important considerations for which we must account. In practice, one of the most crucial concepts is "asset location". That is, making sure the right investments are in the right accounts to achieve optimal tax-efficiency. In our view, doing so is a hallmark of an effective financial advisor.
In 2023, we are focusing squarely on taxes. Look for more "Fundamentals" videos on the subject as the year progresses!
Get on Brian's calendar directly to discuss how to target a tax-efficient portfolio at https://calendly.com/briandress
For a portfolio review and to learn how we are approaching a recovering market in 2023, head to https://leftbrainir.com/free-portfolio-review
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