There is no avoiding death and taxes, but investors can mitigate the 1% to 2% tax bite on their returns by employing some very basic strategies, said Curt Overway, president of Managed Portfolio Advisers. 'Taxes take a big bite out of an investor's returns,' said Overway. 'Historically this has been about on par with the impact of fees, yet while many investors and advisors worry about fees, until recently taxes have gotten much less attention.' Overway said the most important thing for investors in a taxable account is their after-tax returns, making tax efficiency paramount when embarking on an investment strategy.
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