Wall Street Secrets for Tax-Efficient Investing: From Tax Pain to Investment Gain
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.
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.
Jan M. Rosen, a long-time editor and former tax columnist in the financial news department of The New York Times, has been responsible for that newspapers annual tax section for many years. In addition, she is a contributor to Tax Hotline and other newsletters published by Boardroom, Inc.
—Robert H. Stovall, CFA
Senior Vice President and Market Strategist, Prudential Financial
“Understanding the growing range of tax-efficient investing alternatives is no longer an option—it’s a critical element of sound financial planning. This book is an essential tool for grasping and maximizing today’s rapidly expanding menu of innovative investment choices.”
President, American Stock Exchange
“If you hate taxes, you’ll love this book! Authors Robert Gordon and Jan Rosen reveal a catalogue of tax-cutting strategies for taxpayers and investors.”
—Ed Slott, CPA
Editor, Ed Slotty’s IRA Advisor
“A book every investor should have on his desk—a very valuable guide to minimizing tax on all kinds of investments, from retirement plans to college savings to swap contracts.”
Publisher, Bottom Line/Personal