Want to Reduce Investment Taxes? Consider These Five Ways

Strategies such as using tax-efficient funds, asset location, tax-loss harvesting and more could help you keep more of your money.

A man looks at a trading app on his smartphone while sitting at his desk in his home office.
(Image credit: Getty Images)

Each investor may have their own unique set of goals and preferred strategies for achieving financial success, but there’s one thing that rings true for all, regardless of where they are on their wealth journey: Investors want more of their returns going toward their goals and less going to the IRS. Tax season is often a time where investors reflect on their overall strategy, but when it comes to lowering investment taxes, investors will need to consider a plan of action well ahead of filing.

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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.

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Julie Virta, CFP®, CFA, CTFA
Senior Financial Adviser, Vanguard

Julie Virta, CFP®, CFA, CTFA is a senior financial adviser with Vanguard Personal Advisor Services. She specializes in creating customized investment and financial planning solutions for her clients and is particularly well-versed on comprehensive wealth management and legacy planning for multi-generational families. A Boston College graduate, Virta has over 25 years of industry experience and is a member of the CFA Society of Philadelphia and Boston College Alumni Association.