WCI #12: Investing in Taxable Accounts - What You Need to Know
White Coat Investor Podcast
00:00
How to Invest in a Tax-Free Account
You get the same tax-free benefit from a simple mutual fund. You can borrow against it, just like you can borrow against a whole life policy without any tax costs to that borrowing. When you die and what's left is given to your errors, that also passes tax-free. Another cool trick with the taxable account is to donate your appreciated shares to a charity. And then you don't even have to wait 30 days like with tax-loss harvesting. The two main ways are to either hire someone else to do it or to do it yourself.
Transcript
Play full episode
