Everyone loves earning money, including investment gains—but what's most important is how much you keep after taxes.
And as you know, taxes are becoming a higher hurdle. The top rate is now 39.6%, plus a 3.8% Medicare surtax on investments for high earners. And that doesn't include state taxes.
Minimizing taxes, then, is essential for those who want to build real wealth. That's especially true if we experience more moderate market returns over the next few years. Every dollar counts—and that's true whether you have a taxable investment account or a tax-deferred account. Eventually, Uncle Sam will want his cut.