{"product_id":"wall-street-secrets-for-tax-efficient-investing-isbn-9781576600887","title":"Wall Street Secrets for Tax-Efficient Investing","description":"When looking at a monthly brokerage statement, an investor’s eyes go straight to the bottom line—the account value. But there’s a catch. If you have big gains and decide to play it safe and take some of that money off the table, taxes will take a hefty chunk of those profits. Brokerage firms know how to handle such risk for their own accounts, hedging holdings, for example, to iron out volatility instead of incurring taxable capital gains. Savvy individual investors can use the same techniques to protect themselves.\u003cbr\u003e \u003cbr\u003e In this indispensable guide, Robert Gordon, a Wall Street veteran, shares the strategies of an insider to demonstrate how you can use the tax laws to your advantage. Written in plain English, this book explains federal and state tax considerations that investors need to know to make the most tax-efficient choices and to protect their portfolios. The emphasis is on practical application, aimed at guiding you to specific, accessible tax-saving goals without having to wrestle down the entire Internal Revenue Code.\u003cbr\u003e \u003cbr\u003e Thanks to the talents of Gordon and respected journalist Jan M. Rosen, this book is clearly organized along transactional lines, offering easy entry for busy readers and allowing investors to zero in on a powerful array of proven, tax-minimizing techniques and strategies. By the time you finish reading \u003ci\u003eWall Street Secrets for Tax-Efficient Investing\u003c\/i\u003e, you will be on your way to reducing your tax bite to a nibble and enjoying the full benefit of your investment earnings. \u003cp\u003eTable of Contents viii\u003c\/p\u003e \u003cp\u003eList of Illustrations xv\u003c\/p\u003e \u003cp\u003ePreface xvi\u003c\/p\u003e \u003cp\u003eOverview 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: Taxable Investments and Strategies for Protecting Their Value\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Choosing your Investment Tools Carefully 13\u003c\/p\u003e \u003cp\u003e2 The How and When of Harvesting Your Losses 27\u003c\/p\u003e \u003cp\u003e3 Techniques for Utilizing your Losses 39\u003c\/p\u003e \u003cp\u003e4 Smart Choices for Fixed-Income Holdings 47\u003c\/p\u003e \u003cp\u003e5 Hedging to Avoid Capital Gains Tax 55\u003c\/p\u003e \u003cp\u003e6 The Quest for Tax Efficiency in Mutual Funds 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: Tax-Advantaged Investment Opportunities\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7 Structuring Your Retirement Portfolio 95\u003c\/p\u003e \u003cp\u003e8 Savvy Ways to Save for College 113\u003c\/p\u003e \u003cp\u003e9 The Double Life of Life Insurance 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Special Situations\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10 Making Prudent Elections 143\u003c\/p\u003e \u003cp\u003e11 Managing Your Employee Stock Options 157\u003c\/p\u003e \u003cp\u003e12 Avoiding Tax Traps for Closely Held Businesses 167\u003c\/p\u003e \u003cp\u003e13 Planning for Often-Overlooked State Taxes 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4 Your Annual Opportunity\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14 Year-End Planning Strategies 201\u003c\/p\u003e \u003cp\u003eAppendix 1: Historical Tax Rates 217\u003c\/p\u003e \u003cp\u003eAppendix 2: Key Points for Investors from the 2001 Tax Act 221\u003c\/p\u003e \u003cp\u003eNotes 227\u003c\/p\u003e \u003cp\u003eGlossary 229\u003c\/p\u003e \u003cp\u003eIndex 250\u003c\/p\u003e \u003cp\u003e\u003cb\u003eROBERT N. GORDON\u003c\/b\u003e is the president and owner of Twenty-First Securities Corporation, which provides investment advice and financial management for corporate, institutional, and individual clients. He was formerly a partner at Oppenheimer \u0026amp; Company and chairman of the Securities Industry Association’s Tax Policy Committee. He is also an adjunct professor at New York University’s Graduate School of Business and is a much sought-after speaker at industry conferences. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJAN M. ROSEN,\u003c\/b\u003e a long-time editor and former tax columnist in the financial news department of \u003ci\u003eThe New York Times,\u003c\/i\u003e has been responsible for that newspaper’s annual tax section for many years. In addition, she is a contributor to \u003ci\u003eTax Hotline\u003c\/i\u003e and other newsletters published by Boardroom, Inc. Rosen holds a master’s degree from Columbia University in New York, where she attended the Graduate School of Journalism.  \u003c\/p\u003e\u003cp\u003eWhen looking at a monthly brokerage statement, an investor’s eyes go straight to the bottom line—the account value. But there’s a catch. If you have big gains and decide to play it safe and take some of that money off the table, taxes will take a hefty chunk of those profits. Brokerage firms know how to handle such risk for their own accounts, hedging holdings, for example, to iron out volatility instead of incurring taxable capital gains. Savvy individual investors can use the same techniques to protect themselves.\u003c\/p\u003e \u003cp\u003eIn this indispensable guide, Robert Gordon, a Wall Street veteran, shares the strategies of an insider to demonstrate how you can use the tax laws to your advantage. Written in plain English, this book explains federal and state tax considerations that investors need to know to make the most tax-efficient choices and to protect their portfolios. The emphasis is on practical application, aimed at guiding you to specific, accessible taxsaving goals without having to wrestle down the entire Internal Revenue Code. \u003c\/p\u003e\u003cp\u003eThanks to the talents of Gordon and respected journalist Jan Rosen, this book is clearly organized along transactional lines, offering easy entry for busy readers and allowing investors to zero in on a powerful array of proven, tax-minimizing techniques and strategies. By the time you finish reading \u003ci\u003eWall Street Secrets for Tax-Efficient Investing,\u003c\/i\u003e you will be on your way to reducing your tax bite to a nibble and enjoying the full benefit of your investment earnings.   “Bob Gordon and Jan Rosen know that it’s what you keep rather than how much you earn that really counts. This book provides an easy-to-read-and-remember menu of tax-minimizing techniques and strategies. \u003cb\u003eEvery taxpayer should have a copy as a guide in the never-ending joust with the revenue codes.”\u003c\/b\u003e\u003cbr\u003e —\u003cb\u003eRobert H. Stovall, CFA\u003cbr\u003e \u003c\/b\u003eSenior Vice President and Market Strategist, Prudential Financial\u003cbr\u003e \u003cbr\u003e \u003cb\u003e“Understanding the growing range of tax-efficient investing alternatives is no longer an option\u003c\/b\u003e—\u003cb\u003eit’s a critical element of sound financial planning.\u003c\/b\u003e This book is an essential tool for grasping and maximizing today’s rapidly expanding menu of innovative investment choices.”\u003cbr\u003e —\u003cb\u003ePeter Quick\u003cbr\u003e \u003c\/b\u003ePresident, American Stock Exchange\u003cbr\u003e \u003cbr\u003e \u003cb\u003e“If you hate taxes, you’ll love this book!\u003c\/b\u003e Authors Robert Gordon and Jan Rosen reveal a catalogue of tax-cutting strategies for taxpayers and investors.”\u003cbr\u003e —\u003cb\u003eEd Slott, CPA\u003cbr\u003e \u003c\/b\u003eEditor, \u003ci\u003eEd Slott\u003c\/i\u003ey\u003ci\u003e’s IRA Advisor\u003cbr\u003e \u003cbr\u003e \u003c\/i\u003e“A book every investor should have on his desk—\u003cb\u003ea very valuable guide to minimizing tax on all kinds of investments\u003c\/b\u003e, from retirement plans to college savings to swap contracts.”\u003cbr\u003e —\u003cb\u003eMartin Edelston\u003cbr\u003e \u003c\/b\u003ePublisher, \u003ci\u003eBottom Line\/Personal\u003c\/i\u003e\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47990463660261,"sku":"NP9781576600887","price":36.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576600887.jpg?v=1761787929","url":"https:\/\/k12savings.com\/products\/wall-street-secrets-for-tax-efficient-investing-isbn-9781576600887","provider":"K12savings","version":"1.0","type":"link"}