In plain English, this book explains federal and state tax considerations that investors need to factor in when they're ready to cash in their portfolios. Whether you're an investing pro or neophyte, learn how to harvest capital losses without selling and without risk, and how to capture interest as a long-term gain. Don't miss the tax-wise moves with options and the best end-of-year planning techniques included in this powerful new guide!
[Back to top]
When looking at a monthly brokerage statement, an investor's eyes go straight to the bottom line-the account value. But there's a catch. If you have big gains and decide to play it safe and take some of that money off the table, taxes will take a hefty chunk of those profits. Brokerage firms know how to handle such risk for their own accounts, hedging holdings, for example, to iron out volatility instead of incurring taxable capital gains. Savvy individual investors can use the same techniques to protect themselves.
In this indispensable guide, Robert Gordon, a Wall Street veteran, shares the strategies of an insider to demonstrate how you can use the tax laws to your advantage. Written in plain English, this book explains federal and state tax considerations that investors need to know to make the most tax-efficient choices and to protect their portfolios. The emphasis is on practical application, aimed at guiding you to specific, accessible tax-saving goals without having to wrestle down the entire Internal Revenue Code.
Thanks to the talents of Gordon and respected journalist Jan M. Rosen, this book is clearly organized along transactional lines, offering easy entry for busy readers and allowing investors to zero in on a powerful array of proven, tax-minimizing techniques and strategies. By the time you finish reading Wall Street Secrets for Tax-Efficient Investing, you will be on your way to reducing your tax bite to a nibble and enjoying the full benefit of your investment earnings.
[Back to top]
Table of Contents:
PART 1: Taxable Investments and Strategies for Protecting their Value
Choosing Your Investment Tools Carefully
The How and When of Harvesting Your Losses
Techniques for Utilizing Your Losses
Smart Choices for Fixed-Income Holdings
Hedging to Avoid Capital Gains Tax
The Quest for Tax Efficiency in Mutual Funds
PART 2: Tax-Advantaged Investment Opportunities
Structuring Your Retirement Portfolio
Savvy Ways to Save for College
The Double Life of Life Insurance
PART 3: Special Situations
Making Prudent Elections
Managing Your Employee Stock Options
Avoiding Tax Traps for Closely Held Businesses
Planning for Often-Overlooked State Taxes
PART 4: Your Annual Opportunity
Year-End Planning Strategies
[Back to top]