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White Coat Investor Podcast
WCI #12: Investing in Taxable Accounts - What You Need to Know
Apr 25, 2017
23:20
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Quick takeaways
- Taxable accounts offer liquidity, low-cost options, margin usage, reduced tax rates, and tax-efficient investment opportunities.
- A step-up in basis at death benefits heirs, making taxable accounts a versatile investment tool.
Deep dives
Taxable Accounts Explained
Taxable accounts refer to non-qualified brokerage or mutual fund accounts that do not receive tax breaks like 401ks or IRAs. Individuals often overlook taxable accounts after maxing out retirement options, leading to potential investment pitfalls like annuities or whole life insurance products which may not be the best choice. Despite the lack of tax advantages, taxable accounts offer liquidity, low-cost options, margin usage, reduced tax rates, and tax-efficient investment opportunities.
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