Are your savings just going to taxes?

Don’t give away more than you have to. Put tax-efficient investing strategies to work.

(Image credit: Copyright © 2015 Alexey&Svetlana Novikov)

There’s a quote from an old Morgan Stanley ad that gets passed around a lot at tax time: “You must pay taxes, but there’s no law that says you gotta leave a tip.”

Kim Franke-Folstad contributed to this article.

The article and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. Please consult with your tax and/or legal adviser for such guidance.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/flexiimages/xrd7fjmf8g1657008683.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of Kiplinger’s expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of Kiplinger’s expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

Megan Clark, Investment Adviser Representative
CEO & Executive Wealth Manager, Clark and Associates Inc. Financial Solutions

Megan Clark is CEO & Executive Wealth Manager at Clark & Associates Inc. Financial Solutions and is an Investment Adviser Representative and Insurance Professional. As a financial adviser, she is passionate about helping families create a holistic financial plan, and she often holds "For Women By Women" informational seminars to reach out and help assist women in pursuing their goals. Clark is a graduate of the University of Virginia.

Investment Advisory services offered through Brighter Financial Capital Management LLC, a SEC Registered Investment Adviser. Securities offered through Kalos Capital Inc., Member FINRA/SIPC located at 11525 Park Woods Circle Alpharetta, GA 30024. Insurance products and services offered through Clark & Associates Inc. Financial Solutions. Clark & Associates Inc. Financial Solutions and Brighter Financial Capital Management LLC are not affiliated with Kalos Capital Inc.