Invest Better: How To Slash Taxes in Your Portfolio (SB1394)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 11 August 2023

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Believe it or not, where you hold your investments can have a big effect on how much money you actually keep - even if you don't touch them! On today's special Friday roundtable, we're talking tax efficiency, and what account types are best suited to maximize your after-tax returns, as well as the tax implications of different types of investments. And how to position your investments to maximize their after-tax returns? We are overjoyed and honored to have Christine Benz, the Director of Personal Finance at Morningstar (yes, that Morningstar) join us. Also joining us is a lady who knows a thing or two about getting the most bang for her investment buck: from Afford Anything, we welcome Paula Pant. And finally, none other than the man who has been helping his clients dodge taxes in his years as a practicing CFP, our very own OG brings his wisdom. In the second part of the conversation, our roundtable tackles execution - when it makes sense to change your investments, and how to strategically reposition your investments for best tax efficiency - and where to take distributions from first, when selling your investments. Stay tuned for Doug's Airbnb-themed trivia. Will Paula shock the SB World and pull into a tie for first place with Len? Will Christine flex her knowledge base and assist Len in keeping ahold of first place? Will OG take the first step to ascend from the cellar? Tune in to find out! FULL SHOW NOTES: https://www.stackingbenjamins.com/fri-roundtable-christine-benz-1394 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! (..and by the way, we HAD TO create a title with a colon in it). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	The Dell Technologies back to school event is on with deals on top tech for class hobbies and more
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0:27.6	Save now at dell.com slash deals UNICEF does not endorse any company brand product or service.
0:35.0	Okay, right here. It says right here in this account, we have $401,000.
0:42.0	Nope, that says you have a 401k account. If you liquidate that right now, you'll have
0:48.5	maybe $5,000. So what happens to the other $396,000?
0:55.7	What is wrong with the two of you?
1:03.0	Live from Joe's mom's basement, it's the stacking bench of a chair.
1:17.6	I'm Joe's mom's neighbor, Dougan. How should you place your investments?
1:21.7	No, I don't mean what investments should you have. I mean, what types of accounts should you use
1:27.4	for each investment you have? Today, to help us talk tax shelters and your financial plan,
1:33.5	we welcome the director of personal finance and retirement planning for Morningstar,
1:38.0	Christine Benz, and a woman who dreams about tax shelters from a Ford anything, Paula Pant.
1:45.2	And a guy who's always hoping the tax shelter doesn't wag the investment dog,
1:49.6	our own resident CFV OG. But that's not all halfway through today's discussion.
1:55.8	We'll take a quick break to see if Paula Pant can claim a share of first place in our trivia
2:01.4	challenge. Wait, is this correct, Paula? Are you kidding me, Paula? Top of our trivia challenge?
2:08.0	My voice can't get any higher than this. Yes, it appears that is a very real possibility.
2:14.2	But now, let's introduce a guy who's never sheltering you from your ability to be the best
	...

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