Taxable brokerage accounts can be surprisingly taxfriendly. We’ll cover taxsavvy strategies as well as the basics of how these accounts work in this video.

These nonretirement investing accounts allow you to put in as much as you want and withdraw money whenever you please.

⚠ Please see important information below!

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Yes, earnings in the account get taxed each year, but sometimes you enjoy favorable tax rates. You might even pay zero percent, in some cases.

Taxable accounts are worth a look if you want to invest money outside of a retirement account like an IRA or 401(k) plan. Perhaps you’ve already maxed out those accounts and you want to save more each month. Or maybe you have a lump sum of cash, and you’d like to try to grow the funds over the long term.

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With these accounts, you can use a variety of investments. You can keep things relatively safe if you want, favoring things like money market funds or CDs (possibly with government backing, but check for details before you assume anything). Or, you can pursue longterm growth—while accepting the risk of losses—by investing in a portfolio of stocks, bonds, or other instruments.

Ultimately, these accounts provide flexibility for nonqualified money.

Don’t forget strategies that might make these accounts more efficient, including:
✅ Tax gain harvesting
✅ Tax loss harvesting
✅ Choosing shares that have high basis (when appropriate)
✅ Asset location
✅ Keeping turnover low
✅ Donating or giving appreciated assets
✅ And more

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CHAPTERS:
00:00 Often Ignored, But Valuable
00:44 Basics and Features
04:05 Income & Gains Taxed Annually
09:14 StepUp in Cost Basis at Death
11:02 TaxSmart Strategies for Taxable Brokerage Accounts

IMPORTANT:
Check with the IRS for current numbers, as income levels and other numbers change periodically. This information may be out of date. It's impossible to cover everything you need to know in a video like this. The only thing that's certain is that you need more information than this. Always consult with a CPA before making decisions or filing a tax return. Always verify with a CPA or your tax expert before making decisions or filing a return. Do additional research—even if you choose not to take any action—the impact could be significant. This information may have errors, may be outdated or incomplete, or may not be applicable to your situation. You can lose money investing. There may be additional risks, opportunities, and requirements not discussed here. I don't know everything about everything, and sometimes I make mistakes.

Any referenced returns or results are merely assumptions for educational or informational purposes and should not be construed as actual or hypothetical performance figures in connection with the firm’s investment advisory services. Some visuals shown are from organizations that are not affiliated with Approach Financial, Inc. There is no prediction of future results, and anything is possible. You can lose money investing, and your investments might never recover by the time you need money.

This is general information and entertainment, and is not created with any knowledge of your circumstances. As a result, you need to speak with your own tax, legal, and financial professional who is familiar with your details. This video is not a substitute for individualized, personal advice. Please verify with your plan administrator when employer plans are involved. This information may have errors or omissions, may be outdated, or may not be applicable to your situation. Investments are not bank guaranteed and may lose money. Opinions expressed are as of the date of the recording and are subject to change. “Likes” should not be considered a positive reflection of the investment advisory services offered by Approach Financial, Inc. The Comments section contains opinions that are not the opinions of Approach Financial, Inc., and you should view all comments with skepticism. Approach Financial, Inc. is registered as an investment adviser in the state of Colorado and is licensed to do business in any state where registered or otherwise exempt from registration.