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Consider the impact of taxes on your investment decisions from "summary" of The Tax and Legal Playbook by Mark J. Kohler
When it comes to making investment decisions, one crucial factor that is often overlooked is the impact of taxes. Many investors fail to consider how taxes can eat into their returns and ultimately affect their overall financial goals. By ignoring the tax implications of their investments, they may be missing out on opportunities to minimize their tax burden and maximize their profits. Taxes can have a significant impact on your investment decisions in several ways. For starters, the type of investment you choose can have different tax consequences. For example, investments held in a retirement account such as an IRA or 401(k) may offer tax advantages like tax-deferred growth or tax-free withdrawals, whereas investments held in a taxable brokerage account may be subjec...
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