Summary of Taxes and Investments

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Summary of Taxes and Investments

Investing is critical to your financial independence, yet taxes threaten to diminish your earnings. As a savvy investor, you need to be aware of the tax consequences of your investments.

By investing wisely to take advantage of the lowest possible tax consequences while keeping the maximum return on your investments, you can achieve financial independence. To do this, you need to be aware of the distinctions between ordinary income and capital gains, as well as tax-advantaged investing.

Remember, it’s not how much you earn, it’s how much you keep.

Practical Ideas I Can Start with Today

  • Identify all my investment income that is taxable.
  • Order or download needed forms and publications from the IRS.
  • Make an appointment with a trusted tax advisor for any tax issues I need help with.

What you have learned

  1. Basic Tax Concepts
  2. Investment Strategy and Taxes
  3. How Do Taxes Affect Compounded Interest?

Find out what you have learned