Account Setup, Know Your Client Rule, and Cash Sweeps

In Episode 5 of the Market MakeHer Podcast, you’ll learn about the different brokerage account types and how you might be taxed on this kind of investment income. Yes, we’re talking about taxes, one of the two things in life you can’t avoid. 👻

Don’t stress too much over taxes though, your brokerage firm is there to make it simple for you and will send you the appropriate form(s). We’ll break down how it all works and share other valuable information and resources. 

What we discussed in Ep. 05:

• Taxable accounts and Non-taxable accounts 
  • tax-deferred or retirement (IRAs, not 401Ks - yet)
• Individual account vs Joint account
• Traditional IRA vs Roth IRA
  • There’s also a Rollover IRA account type
• Beneficiaries!!
• Separate Log-ins!!
• Capital Gains and Dividends
• Taxable Events - everything is tracked and reported to the IRS
• “Know Your Client Rule” 
• Offsetting tax implications with losses
  • We’re starting to get into strategy
  • Everyone has a unique income situation and strategy
• IRS changes things - look at irs.gov to see current limits and tax info
• How Jess and Jessie would do in a zombie apocalypse
• And a question from one of our listeners  

Be sure to subscribe to be alerted about our next episodes to come, and don't forget to check out the Episode Equity for this episode!

Still Confused? Have More Questions or a Comment?

Holla @ us on:

Market MakeHer ⁠⁠website⁠⁠

Instagram ⁠⁠@marketmakeherpodcast⁠⁠

TikTok ⁠⁠@marketmakeher⁠⁠

X/Twitter ⁠⁠@MarketMakeHer⁠⁠

Join the Money Coven ⁠⁠FB Community⁠⁠

👀 Watch us in action on our ⁠⁠YouTube Channel⁠⁠ 👀

About Us

Market MakeHer is an investing education podcast and LLC with a mission

Support the show

Ask Us a Question, Leave a Review, Follow, Subscribe:
🔗All Market MakeHer Links
👀 ⁠ ⁠⁠YouTube Channel⁠⁠⁠
✨ Jess Inskip: ⁠TikTok⁠ ⁠Instagram⁠
✨ Jessie DeNuit: ⁠TikTok⁠ ⁠Instagram⁠
Funny Finance Shirts and Merch

About Us 🌚🌞
Market MakeHer is an investing education podcast taught by a 15-year finance expert to her friend, a beginner investor. Our mission is to demystify the stock market and make financial literacy accessible to all self-directed investors! We teach complex investing topics in a different way - from "Her" perspective.

Important Disclosures:
Investing involves risk. There is always potential to lose money when investing in securities. Market MakeHer LLC provides educational content and resources for informational purposes only. We are not registered financial advisors & do not provide personalized investment advice. Consult with a l...