"There's one for you, 19 for me," go George Harrison's lyrics for "Taxman," the classic 1966 hit from the Beatles. Each year when W-2s and 1099s hit, it's natural to feel like we're getting grifted... The tax preparation industry, which lobbies Congress to mire your taxes, has a market size of more than $11 billion (going on revenue). (It's a shame Harrison isn't with us today to write a follow-up single called "TurboTaxman.") That's why, in this week's State of the Market, Chief Income Strategist Marc Lichtenfeld coaches you on how to structure your investments to minimize your taxes. Marc defines the various forms of tax-deferred accounts before delving into what securities should be held in taxable accounts versus tax-deferred accounts. |
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